Crypto Market Analysis: Is the Altcoin Market Set to Explode in Year-End Mania?

These 3 Key Charts Suggest The Biggest Opportunity of 2023 Could Be Just Days Away

I want to share a few thoughts on the crypto market this morning and what we can expect going into the end of the year. For those that are not very familiar with crypto, bitcoin tends to steal the spotlight as the single largest digital currency.

However, it’s the other side of the market, the alt coin market that really sees explosive moves off the back of a big bitcoin run up. Similar to how stocks move we typically see the large cap stocks move first for a period of time and then as people amp up their risk we see money flow into small cap stocks that have the potential for higher returns.

The crypto market is the same and by looking at these charts we may be on the brink of the biggest opportunity of the year. We can see tokens on our watchlist soar 400, 500, even 1000%+ in just the span of a few months when this materializes.

First, we have the Bitcoin dominance chart. This chart is a measure of how much bitcoin’s market cap is increasing relative to the rest of the market.

This is the weekly chart. We are at a very important inflection point here. The price is running into a key midpoint level at the same time we have several significant time factors in play, while the RSI is also at an extreme level historically. I believe we have very likely seen the top on Bitcoin dominance for this rally.

Next we have ETH vs BTC chart. This chart shows the performance of Ethereum relative to Bitcoin.

Also on a weekly timeframe. We are once again hitting key support levels within a very significant time factor, while also showing extreme RSI reading that we have rarely seen on this chart. I expect a reversion to the mean is going to start here very soon.

Finally, we have the TOTAL 3 Chart. This chart shows the total market cap of crypto excluding ETH and BTC.

On a weekly timeframe this chart looks ready to break out of its wedge. When this pattern breaks things will get interesting.

Bitcoin dominance reaching extreme levels, while ETH/BTC is reaching extreme levels, all within a significant time period, tells me that we are likely looking at a major inflection point.

I expect the second week of November to be a very key time for the market. As long as there is no major crash from bitcoin I believe hundreds of millions of dollars will flow into alts through the end of the year.

This is an opportunity that does not come around often. If you want to know how to capitalize on the year end mania subscribe to get access to our watchlist. We already have several tokens up 50, 80, even 150% within the span of just a few weeks and this market is only getting started.