OTHERS trade ideas
Buying MidCap/SmallCap Alts for 2024: Navigating HalvingPlease see related links to get an idea of how this fits in my plan for the cycle.
Short Version = 2024 is Altcoins
More closely to 2017 cycle than 2020 =
short dynamic burst of up movements
long periods sideways action
Lower volatility than 2017 (for btc and eth)
Altcoins move sooner than ppl think but still on schedule
2023 was year to accumlate BTC and cheap large cap alts
2024 is year to accumulate Alts
2025 year to be reducing risk
-Chart on left
Eth and BTC market cap
Chart on right
Others - coins outside of top 10
Theory
2024 sees opportunity to position for end of cycle in cheap midcap and lowcap gems.
altcoin runnup into ethereum etf approval or decline could provide opportunity to rotate profits to slower moving coins
Update OTHERSThere is an Indigo Diagonal pattern forming and about to be executed on the next downside
All data is on the chart
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
Others 1W (Crypto Total Market Cap) until end of 2023Sideways until the end of November between 101B and 124B. In December Others Market Cap may jump up to 137B - (false)breakout? Followed by (probably unsuccessful) retest in the second half of December (end of January 2024) falling down to 124B or even lower to 106B.
To be updated in January 2024...
OTHERS Marketcap 1w to BULLRUN !!Others Marketcap (Altcoins) 1w Longterm
Exclude top 10 altcoins marketcap. 2015-2023 chart
1-2-3 / sword and shield
In my opinion; btc dom. uptrend will end within maximum of 1-2 months, we already know others dom. is at the bottom.
When will the ALT-SEASON come?
So how do we understand this?
To understand this, we should chech these:
The most important charts are:
1-) Btc Dominance
2-)Eth/Usd
3-)Eth/btc
4-)Total, Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)dxy
8-)Usdt dominance
9-)Btc/usd
10-)XRP/BTC
I recommend you to check all my charts to fully understand.
📈 Retraces & Corrections = Buy Opportunity (Think Long-Term)The bullish bias has been confirmed. Here we can see the Total Market Capitalization for the Altcoins market trading daily above EMA50 after a very strong higher low.
When we are in a bullish trend, an uptrend, all retraces and corrections can be used as an opportunity to buy-in, rebuy and reload.
Keep the bigger picture in mind.
Focus on the long-term.
Short-term noise will always happen, wild swings, FUD, shakeouts, stop-loss hunt and more... This is not enough to make you fold.
The easy and best strategy for Cryptocurrency is buy and hold.
Think long-term!
How high will the Altcoins and Bitcoin be 1 or 2 years into the future?
Namaste.