Please study and look back on the history of OTHERS.D
This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows.
Light blue is OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving dates.
I believe we are here in the cycle with regards to alts and BTC:
Last cycle we had a shorter bottom base and accumulation period followed by a longer consolidation period before the halving. This time around we see longer bottom base and somewhat shorter consolidation period these past 5 months.
The white dashed line marks the mid line of the bottom base and then price recovering back into the high liquidity/ consolidation zone. And it just so happens that we're in a better setup this time around than last cycle imo.
Super HTF head and shoulders:
2019:
2024:
Current BTC outlook:
IMO any bids of strong alts or only the majors in this 1.5T to 2T zone is a great entry.
You can see I included the google trend plot for the search "bitcoin" which is good gauge of sentiment, interest, and tops/ bottoms. Buy when no one is talking about it or cares. Sell when interest peaks and everyone is talking about it.
A lot left in this cycle IMO but it will take some time for things to play out.
Note
I think once we see BTC.D reach the desired 60% everyone speaks of, that aligns with the golden zone, then we get to see the real rise in alts.
This upward wedge looks and feels weak. The YoY rate of change has decreased a bit and has been slowing with a little increase the past couple months as alts get jeeted off a cliff on this 5 month long chop.
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