TOTAL 3

If you invest in Altcoins you must absolutely take into account the chart of the total 3

We saw with the end of last year a recovery of the altcoin market that rose thanks to the narrative of the approval of the spot ETF on Bitcoin that dragged the entire market upwards.

With the new year we saw a sequence of decreasing highs and lows that led altcoins to outperform Bitcoin, which is completely normal.

This phase is called accumulation.

After finding a bottom and congested on an important structure level, we have seen a strong recovery of altcoins in these last two weeks.

Now,

with the closing of this week's weekly candle we had an upward break of the last relative maximum.

What I now expect is a continued expansion of dominance towards higher levels and therefore an altcoins market that is starting to enter altseason.

Could there be a retreat? Absolutely yes, as I show in the chart below.

The retreat of dominance to retest the newly broken structure could take place and could lead the altcoins to retest themselves of the important price levels that have just broken upwards.

This would be completely healthy and normal for the market, as I expect a still strong Bitcoin dominance and still ready to rise, bringing the price of Bitcoin to new highs.

As a result, at this stage altcoins could continue to congest above newly broken key levels and retest their structures before a continuation of the uptrend they have begun.