Q4 Alts Market Outlook: Key Dates and Strategic Opportunities
Updated
Someone asked me for an update on the alts market, so here’s my Q4 outlook:
Total 10 broke out of the narrowing wedge a few days ago, and the previous resistance trend is now acting as support. From a cycle perspective, we have two important dates coming up: November 6 and November 9 (2-3 days before or and after window).
On October 6, several instruments—stocks and various cryptos— should hit their daily cycle low (DCL) on the same day. This event is significant and suggests we might see a decent flush with a price decrease around that timeframe.
My strategy is to have funds ready for the DCL October 6th and enter multiple long positions on my favorite alts, like Turbo, Ponke, and Popcat. However, any alts within the top 200 market cap should perform well. Another opportunity to add exposure will likely come around November 9, when we might see another flush or price decrease for BTC, and consequently, Total 10.
Remember to manage the risk, and remember that even if you see 10, 30, 80% bounce out of that DCL on your alts, they may roll over and decrease to lower levels than oct 6th eventually.
Total 10 broke out of the narrowing wedge a few days ago, and the previous resistance trend is now acting as support. From a cycle perspective, we have two important dates coming up: November 6 and November 9 (2-3 days before or and after window).
On October 6, several instruments—stocks and various cryptos— should hit their daily cycle low (DCL) on the same day. This event is significant and suggests we might see a decent flush with a price decrease around that timeframe.
My strategy is to have funds ready for the DCL October 6th and enter multiple long positions on my favorite alts, like Turbo, Ponke, and Popcat. However, any alts within the top 200 market cap should perform well. Another opportunity to add exposure will likely come around November 9, when we might see another flush or price decrease for BTC, and consequently, Total 10.
Remember to manage the risk, and remember that even if you see 10, 30, 80% bounce out of that DCL on your alts, they may roll over and decrease to lower levels than oct 6th eventually.
Trade active
Price is starting to fall as predicted. Preparing to add exposure by the end of this week.Trade active
We saw a significant drop, earlier than expected. I believed Total 10 cycle low would extend until the 6th, but it seems the Iran missile attack has acted as a catalyst for this cycle low.
For me, this means I will start dollar-cost averaging (DCA) into alts from now until the 6th. This approach will help ensure I capture the average price during this cycle low.
Trade active
Good green candles on low volume. My guess is that the DCL is confirmed for October 3rd. Today looks green so far, and it's unlikely for such steep flushes this late in the timing band.
I have been DCA-ing into alts, will add some more today, and save the rest for the next DCL towards the end of October (slightly earlier than first expected on October 9)
Trade closed: target reached
Higher highs and higher lows - bullish trend confirmed - looking for a cycle low around 4th of desemberNote
New idea with larger horizont can be seen here:
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