Welcome to the crypto site. My name is Victor, and today: Alt season — forecast 10-09-2024. Join the discussion on the CryptoViktor
- Моє нове відео – Коли вже той Альтсезон? прогноз 10-09-2024, #CryptoViktor
Entry to the Crypto, buy Token
Altcoin Review: What to Expect in the Future?
This time we will focus on the general movement of altcoins. For those who are not familiar with the fundamental concepts, I recommend going to the link in the description and getting acquainted with the relevant material.
Signals from Indicators
In our analysis, we use an indicator from Blockchain Centralnet, which shows us current trends. We are currently seeing the indicator at 29, which is already causing interest. We are exiting the “bitcoin season” and approaching the middle zone. This may indicate the end of accumulation and the beginning of a new upward movement.
Dominance of Bitcoin and USDT
When analyzing the dominance of Bitcoin on the TradingView service, several important phases are visible. Two green candles followed by a red one indicate a trend change. Bitcoin’s dominance, which has increased from 40% to 60%, may now drop to 55%. This, in turn, means that the dominance of altcoins will grow.
As for USDT, this stablecoin also plays an important role. Many investors hold their holdings in USDT until a point they deem safe to enter the market. We are now seeing a retracement to the 50-61% Fibonacci retracement, which bodes well for further declines in USDT dominance and altcoin growth.
Forecast for the Future
USDT’s dominance is expected to decline in the next few months, leading to strong altcoin growth. If USDT’s dominance reaches 1%, this could mean that altcoin prices have reached their maximum. However, it is important to remember that such highs do not last long, so you should be careful.
The general conclusion is that the beginning of October could be a turning point for the market, and altcoins have every chance to show significant growth. Follow the indicators and be prepared for rapid changes in the market.
I hope this review was useful for you. If so, please like the video, share it with your friends and leave your comments on what you think about the upcoming altcoin season.
