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
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。