The alt-token market is about to boom - wave 5

Dec 23, 2021

On the above 3-day chart alt-token market dominance is testing resistance for the 3rd time (although technically speaking it is the 5th test if the two tests in January 2018 are counted). We all remember what happened to our alt positions in May and September is probably still fresh in our minds, a strong sell off.

The 60% dominance level (blue line) represents almost 4 years of resistance. Once broken, it will result in a huge amount of capital flowing into alt-token projects, excluding those already overbought.

Wave 5? To understand what I mean you’ll have to look up an older idea published last December:

tinyurl.com/2p8b5a9j

Suffice to say the alt-token market dominance in this bull market cycle has comprised of several moves in accordance with Elliot wave theory. This 5th and final wave should bring alt-token market dominance to approximately 90%, as per this idea:

When will it get there? No idea, however I’m leaning towards the 2nd quarter of 2022.

The 5th and final wave will be explosive and euphoric. A hideous bear market will follow. Make the most of it.

Good luck.

WW

Jan 1, 2022

Note

On support. One way or another by January 10th alt-token dominance breaks up or it breaks down, no ifs no buts.

Jan 3, 2022

Note

This 3-day chart prints a new candle tomorrow. Below is a zoomed up view of the main chart.

Do you see it?

After 4 years of resistance alt-token dominance has broken through resistance! This is huge.

Remember this 3-day chart is not confirmed until the close of tomorrow. 2 of 3 days have come to pass printing the current candle. IF the whole body of the candle prints above resistance, ignore wicks, the whole body then kaboom.

Remember what was said above, if confirmed alt-tokens will enter a euphoric cycle not unlike early 2017 when Bitcoin took a significant hit in dominance. Do not sit on life changing gains if you get them, this whole market will crash hard later in the year as it goes on.

When to sell? Watch Steve’s video:

youtube.com/watch?v=Gm0EhwhTR28

Jan 3, 2022

Note

Bitcoin dominance was just rejected by the 40% level for the first time ever on the daily chart. Fascinating.



The last time this happened (dominance rejection) was early 2017. In 2017 Bitcoin dominance fell through the floor (see below) and price action rocketed upward (more importantly alt-tokens).

Jan 4, 2022

Note

A 3-day candle body has indeed closed above 4 years of resistance.

Jan 14, 2022

Note

Alt-token dominance has once again broken resistance. Will it hold this time?

Here is the inverse, Bitcoin dominance on the 3-day chart. Unlike the first confirmation of support, Bitcoin dominance now appears to be confirming the 40% level as resistance. This has never happened before. RSI support has also broken out.

Whatever is about to happen, it will not be boring, and is nearing by the day.

Jan 16, 2022

Trade active

Alt-token dominance has confirmed support on past resistance. This is the 1st time this has ever happened. Alt-tokens must be on the verge of a massive move.

I've no idea what this will mean for Bitcoin price action, it could drop violently by 50% without issue. Make no mistake, Bitcoin dominance has just lost a significant level of dominance support enjoyed for years. It will not give it up quietly.

Jan 18, 2022

Note

Looks like the 4 test has or is failing with BTC.D about to shoot up. Overbought alts will bleed, those ideas recently posted (past 2 months) will do well even if dominance collapses.

The rise in BTC.D might not be a bad thing, BTC recovers and then alts follow, just as with early 2017.

Jan 22, 2022

Note

Alt-token dominance approaching support. There's also something interesting happening to TOTAL2.. care to know??

Feb 12, 2022

Note

The alt-token market dominance is testing a significant trend line of support and resistance over the next 8 days.

On the 5-day chart below alt-dominance is testing support on a trend line extending back to mid-2016. IF support is confirmed the market for alts will rally from February 20th as it did in July and October of last year. Dominance shall then test the 60% level once more. If support is broken, a significant sell off in the alt token market should be expected.

What happens if 60% is broken? Something we’ve not seen before.. It will make the rallies of last July and Oct seem like speed bumps.

Which will it be? Support or resistance? Ask me again in 8 days! Given the number of ‘incredible buys’ printing against various alts…

Mar 19, 2022

Trade active

Mar 29, 2022

Note

3-day chart - do you see? Purple circles.. 3-day stochastic RSI crossing up 20, that means gains, lots of them.

May 9, 2022

Note

On the 4-day chart alt-token dominance printed a green HA candle and a higher low in the RSI.

Jun 6, 2022

Trade active

better late than never... there's new evidence the alt token market is about to make a significant move. Will publish soon as to why..

Mar 20, 2023

Note

Have never had a false buy signal print on the weekly. Alt-token market is about to zoom over $800b

How do I know? See price action testing the 50-week SMA within this bull flag?

Total2 weekly chart


Same chart but now Bitcoin one week earlier.


Bitcoin always leads the race.