đ„ Important #Altcoin Notice | Sideliners Better Watch This
đI think these are the 2 charts that can answer the most important question of where we currently are in the altcoin cycle.
đŠ $ADA 2017-2020 & $KSM 2021-2024
đ„We have the same âŹïžDouble BottomâŹïž structure
(first bottom syncs with the #BTC bottom, second bottom is slightly lower while #BTC stays well above its bottom) and a small Mid term Rally between them. All this action is just a long horizontal Accumulation.
đšYou may ask so when is the best time to buy? Bottom 1 or Bottom 2?
đBottom 1 is a good buy zone, however you better buy #BTC there. Bottom 2 is a Perfect Buy but you never know how deep itâs gonna get. I think the most confident buy is when we see the Structure change.
đŠ Whatâs that Structure change I'm talking about? Well, itâs basically the first Significant Higher High that breaks the high of the Mid Term Rally between Bottom 1 & Bottom 2.
đBut we donât buy the top, do we? Of course we shouldnât buy the âSignificant Higher Highâ top. We should wait for a pullback, usually 0.618 Fib is a great buy.
đ$KSM is a perfect example. All those phases are present.
đ„ADA: 934 days from the Bull Market Top to the Structure change;
KSM: 952 days from the Bull Market Top to the Structure change.
đȘœSo what we have now: $KSM (it can be any other #Alt) created the first Significant Higher High since MAY 2021! Thatâs something to think about. Consider changing your bias if youâre still a bear waiting for a lower low. đ»â
đ$KSM has already pulled back to 0.618 Fib and still trading around it (the same what $ADA did in 2020).
đI think itâs a good opportunity to start scaling in if youâre still sidelined. Zoom out and donât be greedy! âïž
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