Altcoin Season: Unveiling Profitable Strategies For The Ultimate Market Advantage!

The weekly market capitalization chart shows that the situation is still optimistic, with a clear upward trend. After the capitalization broke out of the wedge pattern, it continued to rise. The target of the weekly market capitalization chart is the $1.9 trillion region, which is also a consideration area for partial profit taking to optimize the position.

Similarly, the Altcoin market capitalization chart (excluding Bitcoin’s cap) on the Weekly timeframe indicates a clear uptrend. Hence, short-term correction phases on the H1 and H4 timeframes are favorable moments for accumulating more Altcoins, preparing for the upcoming strong upward movement in Altcoins.

This morning, there was a moment in the BTC H4 timeframe where the RSI dipped to the 30 zone, indicating a short-term oversold area. It also presents a good price zone for further accumulation.

Is there a possibility of an altcoin bull run in the near future if the following condition is met?

The weekly Bitcoin market share chart confirms the bullish divergence of the RSI on the weekly chart. As a result, the BTC market share will decrease, and the flow of funds from BTC will flow to altcoins. If BTC does not fall sharply, altcoins will rise in price one by one thanks to this flow of funds and the strong upward trend of altcoin capitalization.

In the short term, Bitcoin on the H4 timeframe has formed a divergence setup, indicating overbought conditions with a decreasing RSI at the price peak. This robust setup suggests BTC has become overbought, signaling an early correction phase.

However, Bitcoin has gained significant momentum with strong demand around $41,700 and $37,700 USD. These are two zones where we can observe for Altcoin Dollar-Cost Averaging (DCA) opportunities as BTC retraces.

On the Weekly timeframe, Bitcoin has a CME Gap around $39,400 USD. The current retreat of BTC may soon aim to fill this gap in the near future, presenting a favorable buying zone for Altcoins once BTC completes the gap fill.

ETH also undergoes a short-term corrective phase, lacking a clear Downtrend structure. Hence, it’s advisable to watch for Buying opportunities within the $2,200 – $2,270 USD range if there’s a reversal setup.

In the absence of a reversal setup, we might look for further opportunities around $2,000 for ETH.

In short, BTC is currently undergoing a short-term correction, while some Altcoins like #INJ #SOL #AVAX remain robust for potential Long positions. Decrease the volume as the market starts showing mild signs of panic.

For spot trading, consider adding more Altcoins to accumulate when the BTC RSI on the H4 timeframe is below 30. Confirmation for Altcoin movements will come when the BTC Dominance on the Weekly timeframe forms a bearish setup.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.