It's just past midnight here in the U.K, but before I retire to bed let me leave you with a little something in the midst of this volatility.
Firstly, looking at the altcoin dominance chart — I called this the wall of worry for a reason. Extreme volatility in the pink zone was always to be expected. Just look back at the same area in 2021 before the altseason breakout. Did you really think we’d see a clean breakout before a massive shakeout, letting those 10–100x leverage plays run freely into the horizon of an alt pump? I don’t think so.
How long this “washing machine” price action continues before the breakout remains to be seen, but as long as we’re holding within the pink zone and above the Gaussian midline, the game is still on.
Firstly, looking at the altcoin dominance chart — I called this the wall of worry for a reason. Extreme volatility in the pink zone was always to be expected. Just look back at the same area in 2021 before the altseason breakout. Did you really think we’d see a clean breakout before a massive shakeout, letting those 10–100x leverage plays run freely into the horizon of an alt pump? I don’t think so.
How long this “washing machine” price action continues before the breakout remains to be seen, but as long as we’re holding within the pink zone and above the Gaussian midline, the game is still on.
As bad as it may seem on some individual Alt charts, viewed through the lens of Equinox Valley on the inverse $BTC.D chart, today's dip is still just a bounce on the grass for BTC.D, not even managing to dip into the water yet. The chart is still bearish for BTC.D and bullish for alts.
As covered earlier, $BTC is now less than 3% away from it's growth trajectory mean where we should see a strong reaction from buyers should it continue to fall a little lower. $ETH is less than 8% away from it's major macro support as per Gann resonance.
Alts like $CRV & $CVX have just hit the top of the accumulation boxes offering another change for spot accumulation if you have missed out.
Let’s get one thing straight: this is not a call to go 100x long. I’m posting this right in the middle of the volatility — if you go knife-catching on leverage and get wrecked, that’s on you, not me.
Yes, alts have bled. That’s the cost of admission. Downside volatility is the price you pay for upside volatility. And the charts are telling us we’re sitting on the edge of something major.
So the real question is: do you have the guts to ride this through, or are you about to fold and get washed out by price or time capitulation?
Yes, alts have bled. That’s the cost of admission. Downside volatility is the price you pay for upside volatility. And the charts are telling us we’re sitting on the edge of something major.
So the real question is: do you have the guts to ride this through, or are you about to fold and get washed out by price or time capitulation?
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