The last nice juicy ALTSEASON happened Jan 2021 to May 2021.
Dominance went from 70% to 40%.
The USDT dominance was just chilling at the bottom of the channel for 5 months.
The same thing is happening again!
The BTC dominance needs to rise a little more to get our SPRING down and for the ALTSEASON to start.
How long will the ALT SEASON last and how high will it...
Bitcoin broke out and is on it's way to $130,000 by May 2024.
The ETF will be announced by January 10th, BTC will continue pumping.
The ETF will become available by May 2024, when you want to sell. Buy the rumour, sell the news.
Look at this mega cup and handle on the NASDAQ vs M2 money supply.
If it breaks out, the rise will be significant!
The top line is the NASDAQ at all time high in 2000. Can you believe the NASDAQ hasn't reached it's all time high vs M2!
I think we'll get there early 2024 before a mega crash. When Fed cuts interest rates.
I do not think the SPX and other markets have reached their ATH yet.
We have another 6-8 months until SPX reaches 5000 in a blow-off top around summer 2024.
The Unemployment Rate will continue slowly rising until the summer of 2024, when it reaches 4%, expect an acceleration in unemployed workers.
The Fed might raise the Fed Fund rate 1 or 2 more times, or they...
Look at the DOT COM bubble and financial crisis. Markets crashed after the US02Y started going down.
For the DOT COM bubble, the market top happened 151 days after US02Y peaked.
For the Financial crisis. the market top happened 486 days after US02Y peaked.
That's a huge difference!
Currently, US02Y is still rising!
If US02Y tops in November / December 2023,...
ETH dominance is going the wrong way!
It is breaking the trendline that started in 2020.
Does this mean BTC will FAR outperform ETH in the coming months? With the BTC ETF, that could be the trigger.
My favorite situation would be that ALTS become stronger and take dominance from ETH. Likely?