Let's talk about when alt season start. Below is chart of BTC and other coin market cap. I want to share my simple analysis.
The chart above is Bitcoin market cap vs other coin market cap combined. This is based on the 4 years crypto miner cycle. We can see there are several pattern we can observe. Orange Line : BTC market cap. Blue Line : Alt coins market cap excluding BTC. White Line : Total market cap.
BTC PeakWe can observe from the chart that when altcoins market cap start to convergence with BTC market cap signaling we are close to BTC true ATH. Compared to now we are still far from that.
Alt SeasonWe can observe that alt season start when BTC got massive correction from its peak ATH like 10% to 30% and alt season only last 20 to 21 days before heading into bear market.Alt PeakAlt peak is the final phase in a bull market before the bubble burst. Usually happen 20 to 21 days after alt season early sign.
In conclusion. As long as BTC dominance stay above 50% we are far from alt season. So what are the absolute peak for BTC then? well I'll make another article for that. Stay safe and healthy cheers bye.
Giveaway, Red pocket code: I0K63TV2 Best of luck, don't forget to like. $BTC #Altseason
$TRUMP You know what? USA is controlled by a man child. The oligarch is a bunch of man child. Forget them we can stand on our own. Crypto can stand on its own. It has been the case for decade. What changed? Just because of BTC reserve that didn't came? Why are you selling your BTC to them? Don't sell your BTC ever. accumulate at cycle low unload at cycle high repeat every 4 years. We have the BTC miners in our back. Forget Trump forget USA focuss on our goal as cryptocurrency to decentralize and freedom from traditional financial system, isn't that the goal in the first place for god sake.
$BTC $ETH Market maker clearly didn't stop pushing this we're so close to ATH. Just one more step. This is epic battle of market maker vs algo. Let's see who win.
$BTC Good job market maker. Retail are bearish hoping for lower prices but the divergence is clear as day. The price move higher while the sentiment still bearish.
$BTC 104k maybe not the best entry but i assure you, you won't regret it. I've predicted that moving into February we'll see a bear capitulation.
The half cycle low already in at 97.7k meaning price won't touch this price again. Now i will try to find the cycle high to unload an reenter at weekly half cycle low. but if there's isn't much drop in the price i'll consider holding till price target of 120k to 138k.
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$BTC Powell probably gonna talk about pausing Quantitative Tightening (QT). That will be bullish for the market. Currently some insider are buying but it can be a trap to trap some more longs.
$BTC Correction target, I'm using NASDAQ as reference. According to mid term support we can correct 4% from top which translate to 8% up to 12% correction in the BTC putting us with 98k to 94k price target for this week.
From fundamental perspective we will see big tech earning report and most importantly FOMC meeting this week. So expect a lot of volatility.
Also today can turn into black swan event if the the NYC market ended up panicking which potentially because of Trump aggressive policy enforcing a lot of unnecessary tax on import and export.
I won't be surprise if Powell blame Trump if inflation goes up. And there's a high probability that Powell will talk about it on FOMC meeting and cause a lot of fud.
Remember the government isn't your friend. The crypto itself is build in the foundation of freedom and decentralization. It is stupid to hope for centralization from the government in the first place.
$BTC 15M chart. I expect the price to retrace and cool off a bit here to around 102.5k and 36 in the RSI, if the trend line support break. If not then the upper target is 107.5k and 62 on the RSI, liquidating a lot of short because a lot of people are shorting right now.
$TRUMP I would say that Donald Trump got an Anton Rayne effect. What is that? Well when you make changes too fast even though the public support it, it would back lash very fast. And any early decission would cement how the administration perceived by public in the long run. And it is very concerning how fast the public turns against Trump because of controversial his decission.
His reform is mostly benefit Oligarch and against the Democrat. Even tho the Democrat is not in office he forgot that they still hold considerable power. And most of the modern constitution he revoked was from Democrat era too. This anger them. We will see he will got into problem pretty soon. That's from political stand point.
Especially Trump Coin which already rekt a lot of people including his supporter. Though none can do anything about it because president is immune to prosecution. And only supreme court hold the power to prosecute president. If the Democrat can sway the supreme justice this would turn ugly real fast.
Well that's just personal opinion. What do you think?