The Altcoin Market: Is Final Capitulation Imminent?
The altcoin market, known for its high risk and volatility, is showing signs that it may be ready for a final capitulation. Several technical indicators and charts suggest that August could be the month for this anticipated event.
Key Points:
- A TD9 sell setup in Bitcoin Dominance on the 1M TD Sequential indicates a potential change in the altcoin market’s trajectory.
- Timing tools reveal similarities between the altcoin market and Bitcoin’s historical price action, hinting at a double-bottom scenario in August.
- A zoomed-out look at the cyclical behavior in ETHBTC suggests a climax between Ethereum and Bitcoin within the next two months.
If the altcoin market experiences a final capitulation, it could be an opportunity for investors to favor altcoins again. However, it is important to consider the risks and potential volatility associated with these assets.
Overall, the altcoin market’s potential final capitulation in August raises questions and opportunities for crypto investors. Stay informed and monitor the indicators and charts to make well-informed decisions.
Please note that the charts and excerpts mentioned in this article originally appeared in Issue #15 of CoinChartist (VIP). You can subscribe for free to access more information.
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