ohueno

ohueno

You can see the same bottom levels on the RSI that we tested in 2019. It’s possible that this scenario will play out again this time, so I’ll be watching how the weekly RSI closes.

ohueno

It's very simple, ETH dominance is approaching a support point, nothing new, ETH season 2025 is what we should expect.

ohueno

1. The capitulation phase in 2019 led to a 40% bounce 2. We are currently down 25% from ema21 resistance Do what you want with this information, options could be such as: Short SOL / Long ETH Short BTC / Long ETH Long ETH.

ohueno

TOTAL2/TOTAL3 $Altseason will happen only after pumping CRYPTOCAP:ETH against ALTS, BTC season phase is coming to an end, yes CRYPTOCAP:ETH season will start soon.

ohueno

I think 2025 will be the year of ETH, just like 2024 was the year of BTC, most alts will capitulate to ETH, before you buy any altcoin, think twice about ETH. The altcoin season will only start after a strong ETH rally.

ohueno

Be prepared for a sharp market crash, I think we are starting a big correction for 5-7 days. MacD pattern 1 in 1 that we have been getting before.

ohueno

The alt season after the ETH bottom was usually a year later, those who are now waiting for the alt season will not wait for it. Accumulation should happen within 365 days, after which the alt season will come.

ohueno

Until the dominance breaks the trendline, I'll be cautious. The multi-year trendline has played out more than once.

ohueno

USDT leaves no room for growth, the maximum to where BTC can grow is 90k, if we go higher we will need to break the multi-year trending USDT, anything is possible, but you have to be very careful.

ohueno

I think there is a good possibility of such a scenario, especially in Nov. 10-12, FED-CUT today, the exact same fake pamp was in 2019 during the second FED-CUT, let's see what happens.

ohueno

Another chart that tells me of a possible impending altcoin capitulation in the next 2 months, let's see how it plays out.

ohueno

I think we are waiting for the final capitulation of altcoins in the next 2 months, to be honest I did not expect this scenario, but we have what we have, I have already written that I think December is the best entry point for ETH and altcoins.

ohueno

Interesting point on the 1 month RSI, every time we caught a bounce from this zone followed by a capitulation, what if this time too?

ohueno

I think we are nearing the end of the rise in dominance, about 60-61% will be the end. That doesn't mean we should expect an alt season from here, it just means that ETH might feel better than BTC.

ohueno

I think we are close to the bottom, it's time to become bulls to the ETH/BTC pair, when everyone became bears, the time has come. Top ETH/BTC should be somewhere around here, dominance 60-60.5% could be the end.

ohueno

As you can see on the chart we are repeating the pattern exactly as it was in 2021, it is not a fact that it'll work, but we need to keep a close eye on ema21 1d, if this chart continues to grow and hold on ema21 as a support, there is a high probability to see the capitulation of altcoins and the whole market before the end of the year.

ohueno

As you can see in September always was fake growth by ETH, I do not think that in this otherwise all will be otherwise be accurately at the price of 2800-3000$ by ETH.

ohueno

We are approaching a very serious resistance on Rsi at 5d, I don't know what will happen next, but now is definitely not the time to buy alts, as I wrote in previous posts, the best time to buy was December, so let's wait and see. We may continue to grow a little bit more, but I think the growth is very limited.