In this analysis I share my hypothesis on #OTHERS 
OTHERS as to why the big awaited alt season is right around the corner!
After analysing how the Trump mania season unfolded, I could see plenty of similarities:
1. Price filled the supply before the last retrace - gray rectangle
2. Then it broke the downtrend line and made a decent move up - red dot
3. Price correction to the 618 retrace on fib AND in the supply -> became demand from #1
4. RSI formed a hidden bullish divergence, marking a potential start of the rally
5. Time passed from #2 trendline breakout to the big impulse -> around 50 days
-> now we are around 60 days, which means more time to accumulate, bigger impulse
In an ideal scenario, the total OTHERS cap (all crypto excluding top 10) should at least reach the last high of 450 billions, and to pour some hopium, to around 600-700 billions...
So if you filled your bags around recent prices on your alts, you should expect at least 10-20x imo!
OTHERS as to why the big awaited alt season is right around the corner!After analysing how the Trump mania season unfolded, I could see plenty of similarities:
1. Price filled the supply before the last retrace - gray rectangle
2. Then it broke the downtrend line and made a decent move up - red dot
3. Price correction to the 618 retrace on fib AND in the supply -> became demand from #1
4. RSI formed a hidden bullish divergence, marking a potential start of the rally
5. Time passed from #2 trendline breakout to the big impulse -> around 50 days
-> now we are around 60 days, which means more time to accumulate, bigger impulse
In an ideal scenario, the total OTHERS cap (all crypto excluding top 10) should at least reach the last high of 450 billions, and to pour some hopium, to around 600-700 billions...
So if you filled your bags around recent prices on your alts, you should expect at least 10-20x imo!
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.
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.