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gmeow
So, btc.d and others.d are decent enough indicators of altcoin szn, but I've one indicator I far prefer.
total3/btc (market cap) essentially says that when total3 = btc market cap, the cycle is peaking.
We're barely off the lows in this regard, and just tested support on the 20w for the first time. The 20w has actually been a really strong indicator for this, firmly drawing the line as support/resistance to date.
So, if this theory plays out correctly, it means that ALL alts are currently very undervalued - just barely off their lows overall.
The last time we broke above the 20w was Feb '21 - we went up for 2 weeks, dipped back for 2 weeks to test the support, bounced, and then surged up non-stop for 2 months.
Currently, we broke above the 20w on November 18th - went up for 2 weeks, dipped back for 2 weeks to test the support, and we've just bounced.
May the odds be ever in your favour. 12 replies
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