💥 Important #Altcoin Notice | Sideliners Better Watch This
🛑I think these are the 2 charts that can answer the most important question of where we currently are in the altcoin cycle.
🦅$ADA 2017-2020 & $KSM 2021-2024
🔥We have the same ⬆️Double Bottom⬆️ structure
(first bottom syncs with the #BTC bottom, second bottom is slightly lower while #BTC stays well above its bottom) and a small Mid term Rally between them. All this action is just a long horizontal Accumulation.
🚨You may ask so when is the best time to buy? Bottom 1 or Bottom 2?
🛑Bottom 1 is a good buy zone, however you better buy #BTC there. Bottom 2 is a Perfect Buy but you never know how deep it’s gonna get. I think the most confident buy is when we see the Structure change.
🦅What’s that Structure change I'm talking about? Well, it’s basically the first Significant Higher High that breaks the high of the Mid Term Rally between Bottom 1 & Bottom 2.
🚀But we don’t buy the top, do we? Of course we shouldn’t buy the ‘Significant Higher High’ top. We should wait for a pullback, usually 0.618 Fib is a great buy.
🚀$KSM is a perfect example. All those phases are present.
🔥ADA: 934 days from the Bull Market Top to the Structure change;
KSM: 952 days from the Bull Market Top to the Structure change.
🪽So what we have now: $KSM (it can be any other #Alt) created the first Significant Higher High since MAY 2021! That’s something to think about. Consider changing your bias if you’re still a bear waiting for a lower low. 🐻❌
🎊$KSM has already pulled back to 0.618 Fib and still trading around it (the same what $ADA did in 2020).
🛑I think it’s a good opportunity to start scaling in if you’re still sidelined. Zoom out and don’t be greedy! ✌️
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