🤡 Despite many laughing at my confidence in altcoins, I’m still holding my bags tightly. And honestly, there hasn’t even been a great opportunity to take profits yet… 😅
But here’s a scenario that I still see as possible and truly believe in. 👀
When Gold corrected for two months after its new ATH in early 2024, was there a single person shouting that it was over and there would be no new rally? I don’t remember that. 🤔
The same goes for alts - after the Total Market Cap (exc. BTC and ETH) set a new high, we’ve spent just three months in a deeper correction (-35% compared to XAU's -8%) while still maintaining an overall uptrend. 📈
With most alts dropping 50-70%, I believe we’re more likely to see a new rally soon rather than a full reversal into a bear market. ❌
Every time people say there won’t be an altseason, it always comes. 💯
But here’s a scenario that I still see as possible and truly believe in. 👀
When Gold corrected for two months after its new ATH in early 2024, was there a single person shouting that it was over and there would be no new rally? I don’t remember that. 🤔
The same goes for alts - after the Total Market Cap (exc. BTC and ETH) set a new high, we’ve spent just three months in a deeper correction (-35% compared to XAU's -8%) while still maintaining an overall uptrend. 📈
With most alts dropping 50-70%, I believe we’re more likely to see a new rally soon rather than a full reversal into a bear market. ❌
Every time people say there won’t be an altseason, it always comes. 💯
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.