煌道
--
3.5 Altcoin Index Enters Purchase Zone
1. When the Altcoin Index is below 25, altcoins are worth buying. Since the bull market began, the Altcoin Index has dipped below 25 twice, leading to two waves of altcoin rallies: the first wave from October 2023 to March 2024, and the second wave from November 2024 to December 2024. Now we are in the third wave below 25.
2. The recent collapse in the crypto market began with Trump's tax increase, causing a sharp drop in U.S. stocks, but the crypto market has been receiving constant positive news. Currently, Nasdaq futures are near the daily EMA200. During the bull market, all four pullbacks have stopped falling after reaching EMA200 and have resumed rising.
3. The recent significant drop in contract open interest indicates that each pullback is a process of deleveraging.
1. When the Altcoin Index is below 25, altcoins are worth buying. Since the bull market began, the Altcoin Index has dipped below 25 twice, leading to two waves of altcoin rallies: the first wave from October 2023 to March 2024, and the second wave from November 2024 to December 2024. Now we are in the third wave below 25.
2. The recent collapse in the crypto market began with Trump's tax increase, causing a sharp drop in U.S. stocks, but the crypto market has been receiving constant positive news. Currently, Nasdaq futures are near the daily EMA200. During the bull market, all four pullbacks have stopped falling after reaching EMA200 and have resumed rising.
3. The recent significant drop in contract open interest indicates that each pullback is a process of deleveraging.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
200
0