I maintain the view that there is a potential for a significant decline in the ETH/BTC pair, with such a collapse potentially signifying a near-bottom point for altcoins.
It's worth noting that the White Noise Indicator on its weekly setting is currently displaying a bearish stance.
Furthermore, the White Noise Indicator has not yet signaled a bullish trend on the weekly chart for BTC, implying that we are still susceptible to a bear market scenario.
Additionally, altcoin dominance continues to decrease:
It's essential to recognize that these declines in altcoin pairs may persist as BTC dominance rises, particularly during a period when BTC itself is experiencing a decline.
I also need you to understand that I am not calling for some fractal of the crash in 2020, though I hope we get a crash like that.
What I am saying is that the data we can extract from the charts, tell us that the red days likely aren't done yet.
Don't hesitate to check this indicator out (linked below)
It's worth noting that the White Noise Indicator on its weekly setting is currently displaying a bearish stance.
Furthermore, the White Noise Indicator has not yet signaled a bullish trend on the weekly chart for BTC, implying that we are still susceptible to a bear market scenario.
Additionally, altcoin dominance continues to decrease:
It's essential to recognize that these declines in altcoin pairs may persist as BTC dominance rises, particularly during a period when BTC itself is experiencing a decline.
I also need you to understand that I am not calling for some fractal of the crash in 2020, though I hope we get a crash like that.
What I am saying is that the data we can extract from the charts, tell us that the red days likely aren't done yet.
Don't hesitate to check this indicator out (linked below)
Join my community where i share signals and my secret algos:
Telegram:
t.me/ikkeomarfree
I can also help you get $50.000 funded!
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also help you get $50.000 funded!
Just dm my Telegram @IkkeOmar
Alt's were indeed not safe for underperformance. I know some have outperformed, but betting on that at the time I posted this would be stupid if you look at the probabilities.
The outperformance of BTC shows this perfectly:
Total marketcap of alts and stables has also fallen with respect to BTC, which confirms an OVERALL underperformance of the ALTs