It’s been a while since we wrote any useful posts, we hope many of you already miss our analytics.
👍 You like and subscribe, and you can write any questions in the comments under this post.
Now there is a strong opinion on the market that liquidity has begun to flow from Bitcoin to Ethereum and alts. As a result, many analysts expect a new wave of growth for alts.
As a rule, these analysts give 2 arguments in this regard:
1️⃣Alt season indicator
There is an altcoin season indicator on the market that many people refer to.
This indicator, like most others, works with a large delay.
It’s enough to understand how it works: if 75% of the coins from the top 50 have performed better than Bitcoin over the last 90 days, then this indicator begins to indicate an altcoin season.
That is, by definition, this indicator essentially signals not the start of the alt season, but just its end 🤷♂️
Look at this indicator:
As you can see, this indicator is now at 76, which signals the start of the alt season. But judging by the definition of this indicator, the alt season is coming to an end.
To prove our statement, just look at what happened to almost all alts when this indicator entered this zone.
Just open the chart of any alt from the TOP 100 and see what happened to it when the indicator entered the altcoin season zone. In 100% of cases, a strong collapse began after a couple of weeks.
🩸 Here is a live example of how this indicator works on the $NEAR coin:
2️⃣Growth of Ethereum dominance
Perhaps this is the most important argument of analysts, they say, look at the dominance of $ETH Ethereum is growing.
Indeed, if you look at small hourly time frames, it may seem that Ethereum’s dominance is showing wild growth.
But if you look at things more broadly, for example, at the weekly timeframe, you can see that Ethereum’s dominance has only been moving within a side channel for 980 days:
Therefore, it is possible to assert the growth of Ethereum dominance only after the dominance chart breaks through this side channel upward.
📊 Result:
You can interpret your wishes for the market as much as you like, but you need to look at things more broadly.
Many analysts write what you want to hear. This is a great strategy for reaching your audience. But we prefer to voice our personal thoughts, which probably often differ from your opinion.
Yes, we are people too and we can make mistakes, but we are not going to lie to you for the sake of loyalty.
Now there are no informational reasons for growth in the crypto market, and the crowd has already been driven into the ETF market by euphoria.
View the results of a survey of over 35,000 people. The vast majority of people are up to their necks in the market, with 50% of voters sitting in the market with 100% of the deposit! 😨
Do you really believe that the market is a generous machine that distributes money to everyone? Alas, this is not true.
Yes, there are a small number of alts on the market that really look stronger than the market and these are the alts we buy.
Only now the rest of the market is already forming reversal patterns, and the market has not been cleared of excess passengers for a long time...
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
✔️ Then subscribe to the channel and like
➡️ #cassius_trade Look for us on Pavel Durov’s social network. Be sure to subscribe!
