Thread 8/🧵
Outlook
Altcoins are near a breakout from a long-term bearish structure.
What comes next may surprise the majority of market participants.
Not financial advice.
DYOR.
Thread 1/🧵
#TOTAL3 (Altcoins excluding BTC/ETH/Stables) — Global Overview
Let’s analyze the altcoin market on the monthly timeframe (1 candle = 1 month).
This gives the cleanest possible view of the market cycle.
Tweet 6
Overall structure suggests:
• Downside only likely in case of strong negative macro events (e.g. another “COVID-like” shock)
• Otherwise — the chart looks primed for an impulse move up
7/
Point of Control (POC) and volume.
Around 95,600 we saw:
– Distribution
– The main liquidity turnover
Price always tends to return to areas where the market accepted value.