ALT Coin Revival???
Is the 2025 Bull Run still on? Will there be an alt season?
I don't know that survival of a week of bad CPI and PPI data is enough to confirm that.
But there is some evidence that the massive wick to the downside on 2/2 for alts (this chart shows the 'OTHERS' index, the true alts, those out of the top ten in market cap) constitutes a bottom.
The latter was, I think, part of the largest liquidation event in the history of cryptocurrency. $2.2 billion, quite a shakeout.
What the 2D on 'OTHERS' shows me:
>Support of price action on the 100d & 200d SMA's (and the tightness of of the two).
>The acute bullish SMT Divergence vs BTC. (The drop in BTC, in itself, wasn't remarkable.)
>Long signals on multiple momentum indicators. (I show, here, Cipher B and Lux Algo's Oscillator.)
What I still need to see in order to invest in an Alt Season:
>A return of price action into the Value Area formed by 2024 price action. (A couple daily closes above the VAL? Or, better still, a weekly close above it?)
>A consistent increase in volume, the flow of money into the space. (Without out such, the 'rally' we've seen in spite of bad economic news, is likely to peter out.)
>Signs that BTC's excruciating slumber is over and that it is ready to take another shot at price discovery.
I do pay especial notice to those alts that have out performed 'OTHERS'. They are worth watching in March.
What the consensus on crypto?
I don't know that survival of a week of bad CPI and PPI data is enough to confirm that.
But there is some evidence that the massive wick to the downside on 2/2 for alts (this chart shows the 'OTHERS' index, the true alts, those out of the top ten in market cap) constitutes a bottom.
The latter was, I think, part of the largest liquidation event in the history of cryptocurrency. $2.2 billion, quite a shakeout.
What the 2D on 'OTHERS' shows me:
>Support of price action on the 100d & 200d SMA's (and the tightness of of the two).
>The acute bullish SMT Divergence vs BTC. (The drop in BTC, in itself, wasn't remarkable.)
>Long signals on multiple momentum indicators. (I show, here, Cipher B and Lux Algo's Oscillator.)
What I still need to see in order to invest in an Alt Season:
>A return of price action into the Value Area formed by 2024 price action. (A couple daily closes above the VAL? Or, better still, a weekly close above it?)
>A consistent increase in volume, the flow of money into the space. (Without out such, the 'rally' we've seen in spite of bad economic news, is likely to peter out.)
>Signs that BTC's excruciating slumber is over and that it is ready to take another shot at price discovery.
I do pay especial notice to those alts that have out performed 'OTHERS'. They are worth watching in March.
What the consensus on crypto?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.