After the night, the dust has settled a bit and there is something to add to the night operational reviews
We are currently additionally gathering a possible deposit to invest in what is not yet in the portfolio and what we would like to have. And we are compiling a list of altcoins. Whether to become 'witnesses to the end of the altcoin market' is everyone's choice. But it is not our choice. There may be fewer posts on the current situation than usual, we apologize in advance.
What we see as important in the market now:
1. There was no expectation for altcoins that the lows would be updated on December 9, but for a large number - that is indeed the case. In Binance Square, there is already complete hysteria over 'the altseason is not real' and even 'crypto is a scam'. Well, time will judge. This has never happened before and here we are again.
2. For a number of altcoins, prices have come to test the EMA 50 and 200 daily TF, for others - to retest the mirror level, which was previously the high of the accumulation zone. For example, #STRK, which was mentioned at night.
3. As of now, there is no breakdown of the Potential break level in the signal of a stable downtrend of our indicator on the weekly TF of BTC dominance. There is a test of the breakout, there is a shadow above the level of 58.65% (which is not a rare phenomenon if the transition to a downtrend was impulsive). But for now, no more. The fact that the dominance reversal signal on the weekly TF is not a signal to jump into everything with current positions and leverage seemed quite obvious. By the way, the trend resistance on dominance has also held.
4. As of now, another rebound has been received from the global trend resistance since October 2023 on the #USDT + #USDC dominance chart. Plus, the dominance has returned below the significant level of 5.35%.
5. On the total capitalization chart of altcoins TOTAL2, the ascending trend from October 2023 has been retested and held. Therefore, the target remains the same - growth, with the nearest target in the region of 1.618 according to Fibonacci, 1.79 trillion $ in capitalization.
6. The decrease in TOTAL3 is even less significant. Over two weeks, only the 0.618 level according to Fibonacci was tested during the pump in November-December. Not even the 0.5 level. The capitalization remains on track to the target of 1.25 trillion $, which was set back on September 10 with a capitalization of 556 billion $!
7. OTHER (capitalization without TOP-10) has not been reviewed for a long time. But the situation does not look critical either.
The altcoin market has faced a strong dump against the backdrop of a general decline in the stock and crypto markets, this is a fact. The US Fed stated yesterday that interest rate cuts in 2025 will be fewer than expected. Is this a reason to bury the stock market? No. Is this a reason to bury the crypto market? No. They did not cancel the cuts, nor did they announce a rate hike. The question is whether they will push it lower.
We are forming a shopping list, looking for $ for this and waiting for signals:
1. Potential high of dominance according to our indicator on the daily TF.
2. Signals for a stable uptrend on TOTAL3 on hourly TF.