Over the past 4 weeks, the market has seen a massive shakeout of alts, even the most skeptical traders. Some alts managed to fall even under their historical levels of 2017!
And all this against the backdrop of Bitcoin falling by only -10%.

But coins of eternal growth are in no hurry to fall and give a strong rebuff to the seller on the market
For example:
1️⃣ $ETH fell by only -11%

2️⃣ TON fell by -16%. Before this, updating its historical high, when the entire market turned red. Therefore, in fact, since the market began to fall, TON has been trading +17% higher!

3️⃣$BNB fell by -17%, but like TON before that, it updated its historical high. And in fact, since the start of the market collapse, the coin has been trading +5% higher!


It is these 4 coins, including $BTC should occupy at least 80% of your portfolio, so that during such sales there is no strong drawdown in the overall portfolio.

For long-term success, you need to be able not only to wait, but also to invest in those assets that grow over the long term.
The problem is that most crypto market participants practically do not have these assets in their portfolios.
This is something we are repeatedly convinced of when we analyze portfolios.

❓ Why so
Because people always don’t have enough, even the +100% profitability that you can get in Bitcoin is also not enough.
Such people need mega-profits of +500+1000%.
Yes, alts can and will provide such profits in the future, but the price for this is high volatility. What do you all see perfectly now? When buying a viola pacifier, you need to be prepared for such a scenario in advance, and not panic when it happens.

Therefore, we recommend that you take note of what is happening and do not repeat your mistakes in the future.
Start now to accumulate the perpetual growth assets listed above.
Be sure to strive for these assets to occupy at least 80% of the total deposit in your portfolio, and 40-50% should be occupied by Bitcoin.

📖 We’ve sorted out the introductory part, now let’s move on to the topic of the post.
What is happening now is actually quite typical before the real movement in the market begins.
The alts simply collapsed without any fundamental reasons or news background and, as we said in the last post, in our opinion this is manipulation in order to shake everyone out of the market. This was especially true for shoulder lovers.

On many alts, clear signals have appeared indicating a final change in trend from bullish to bearish. Since the ascending trend lines were broken and prices fell under the long-term moving averages (buying under the long-term moving average MA200d is the best for a medium- and long-term portfolio).
But this is the essence of the manipulation, so that people en masse believe in a change in trend and close their positions while simultaneously opening shorts.
Moreover, the fundamentally strong projects BTC TON ETH BNB fell by very modest percentages.

🕯 Technical metrics

Judging by numerous metrics, the current sell-off in the market is at the final stage and there is at most only 1 wave of decline left.
Moreover, alts should no longer fall with such an amplitude, since for the most part they are already very much oversold according to daily and even weekly indicators.

1️⃣ Capitalization of TOTAL3 alts without ETH and BTC

The chart came to test the long-term moving average MA200d and even fell under it at the moment.
And now a bullish Wedge pattern is forming, which is confirmed by hidden bullish divergence.
Moreover, exactly the same pattern occurred in April 2021, when the market collapsed just like that without any reason or news background.

2️⃣ Viola dominance OTHERS.D

The chart of alt dominance has fallen to the lower limit of the long-term ascending channel, which dates back to 2018.
At the same time, the weekly indicator is in the extreme oversold zone!

The indicator only needs to drop a couple more points and a massive bullish divergence will be formed.
Notice what happens in the story at such moments.

3️⃣ Stablecoin dominance

The dominance chart of all popular stablecoins was tested from below the 2024 downward trend and the long-term moving MA200d.

So, due to the collapse of alts, the dominance of stablecoins#USDT#DAI#USDCincreased by only +10%. This indicates that large players are very actively buying everything back, while others are fearfully dumping assets at huge losses.

📊 Conclusion:
The current sale of alts is in its final stages. We are either already at the bottom according to the alts or one more final wave of fall awaits us.

If you have losses in your alto portfolio, as we say, then do not sell at a loss.
In cycles, a similar stress test occurs every time before the start of a strong upward movement.

🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?

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