Altcoins Near Key Support, Possible -20% Drop before reversal ?
Sharing my analysis on the altcoin market cap (excluding BTC, ETH, and stablecoins) compared to BTC over the past 10 years
I have marked important zones (yellow circles) where altcoins have historically bounced after strong corrections.
Current Outlook:
- I expect a possible -20% more downside, bringing it near 0.22, which aligns with a key historical support zone.
- This level has acted as a strong base multiple times, in 2018, 2020 and 2021
What I’m Watching:
- If price reaches that zone and holds, it could signal the start of the next altseason.
- Past patterns show similar moves before big reversals.
- However confirmation through volume and market sentiment is important before making any move
Final Note:
Not financial advice, just sharing what I see on the chart. If the ratio hits 0.22 and shows strength, it could be a key level to watch. Thanks
I have marked important zones (yellow circles) where altcoins have historically bounced after strong corrections.
Current Outlook:
- I expect a possible -20% more downside, bringing it near 0.22, which aligns with a key historical support zone.
- This level has acted as a strong base multiple times, in 2018, 2020 and 2021
What I’m Watching:
- If price reaches that zone and holds, it could signal the start of the next altseason.
- Past patterns show similar moves before big reversals.
- However confirmation through volume and market sentiment is important before making any move
Final Note:
Not financial advice, just sharing what I see on the chart. If the ratio hits 0.22 and shows strength, it could be a key level to watch. Thanks
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.