ALTCOINS NEARING A BOTTOM? 🚨 Critical Signs to Watch Now
Altcoins may be approaching a major bottom. While Bitcoin dominance could see another push higher, repeated bounces off this trendline increase the odds of a breakdown—historically the catalyst for altcoin rallies.
November’s altcoin surge began when Bitcoin dominance broke lower, and we may be setting up for round two. Over the next 72 hours, expect extreme volatility in the altcoin market. Bitcoin dominance is trading in a tight range, meaning a breakout or breakdown is imminent. Getting caught on the wrong side could be costly.
Additionally, RSI across multiple assets signals an oversold market. The average RSI sits at 26.61—deep in bearish territory. Key takeaways:
1. Majority in Weak/Oversold Zone – Most assets have RSI between 20-40, signaling potential reversals.
2. Scarcity in Overbought Territory – Very few assets show strength, reflecting weak bullish sentiment.
3. Potential for Mean Reversion – If buying pressure returns, a relief rally could follow, but oversold conditions can persist in strong downtrends.
This market may be nearing capitulation. Watch for reversal signals—confirmation is key before entering longs. I’m holding a number of spot bags, and DCA’d at different key levels to play it safe; still in red, but the market will turn. ;)
If you want to grow with me, click here to copy my trades and 🚀💰.
Like, follow and share 😉. Cheers and Stay Safe, the market is volatile friends, no need to be heroes now, to then become kamikazes.
El Shaddai: (Hebrew: אֵל שַׁדַּי) – “God Almighty, the All-Sufficient One.” His grace sustains.
#TradeSmart #crypto #copytrading #altcoins $BTC
$ETH
$XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
