Image(s) are kindly provided by Unsplash
Quick analysis of the situation
If you’ve been sweating over your crypto investments lately, take a breather—Kevin, the independent market technician and your new favorite crypto guru, just dropped some electrifying insights during a recent livestream on X. You know him as @Kev_Capital_TA, and trust me, if there were to be a crypto version of a rockstar, he’d be headlining the show right now!
So, grab your digital popcorn because Kevin is arguing that crypto markets are only stepping into what he dubs “the real bull run.” Yes, you heard it right. Forget that pre-show entertainment; it seems the main event is about to kick off!
The star of Kevin’s show? Tether dominance (USDT.D), the sneaky little stablecoin that’s been quietly holding onto a hefty portion of the crypto market cap. Kevin displayed some long-term charts that felt less like data points and more like the plot twists in a gripping drama—sharp declines followed by a classic rising channel that’s got the makings of a bear flag. A bear flag, folks! It’s like a weather forecast predicting sunshine after the storm, only this one might just lead the crypto crew to a target level of 3.70 percent. Kevin claims that achieving this level is crucial for any real rally in risk assets, which is the kind of statement that gets us all leaning forward in our chairs, eagerly taking notes.
But hang on to your hats, because the plot thickens. With a macro descending triangle layered onto a two-week USDT.D chart from way back in March 2020, Kevin highlights a history lesson that shows us what happens when the Stochastic RSI crosses downward: a plunge in dominance that coincides with booming Bitcoin and altcoin performances. If history repeats itself, it could happen again—and who doesn’t love a good déjà vu moment?
Ah, but there’s more! Kevin also introduced us to the illustrious hash-ribbon indicator—our backstage pass to miner capitulation and recovery. Historically, it’s played the role of a crystal ball for predicting price rallies, boasting a “100 percent hit rate” over eight years (I’ll let that sink in for a moment). If that doesn’t scream “buy,” I don’t know what does!
And of course, macro conditions play a crucial role in this saga. Kevin points to a real-time inflation gauge affectionately dubbed “Truthflation,” clocking in at 1.66 percent, which is like a cozy blanket for our financial anticipations. If it stays below 2 percent, we might just see a market shift as sweet as the first snow of winter.
As if that wasn’t enough to keep us on the edge of our seats, Kevin asserted that altcoin rotation is the second act in his bullish play. With Ethereum’s favorable market-share chart, and some of those lesser-known gems gaining serious traction, it looks like the altcoins may be ready to take center stage—finally getting their well-deserved spotlight!
Now, let’s talk Bitcoin. Is it the hero we’ve been waiting for? Sure, it faces resistance like a classic underdog, needing to break through a series of price barriers. The goal is to clear that pesky range between $112,000 and $120,000 before it has a clear shot at reaching new heights. It’s almost like a video game: you gotta level up before facing the boss!
But let’s not pop the champagne just yet—Kevin cautions against getting too giddy before seeing real price action. After all, the last time Bitcoin’s daily RSI went above 90 was back in 2017, and we can’t afford to be blind on this wild ride.
In a thrilling cliffhanger for the crypto community, Kevin reminds us that we’re in a critical window of opportunity. With the halving just behind us and the traditional four-year cycle nearing its dramatic climax, we’re entering a period of heightened activity over the next five to six months. He’s urging everyone to keep a close eye on USDT dominance, hash-ribbon buy signals, and the all-important momentum “follow through.” If we can check those boxes, we might just realize that the rally we thought we were having was actually just a warm-up for “the real bull run.”
At the time of this riveting analysis, Bitcoin was trading at $111,250. So, folks, whether you’re a seasoned trader or a crypto enthusiast just along for the ride, keep your eyes peeled. Because if Kevin’s right, we’re in for a show that will make our heads spin! Buckle up!
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Image(s) are provided by Unsplash and/or other free sources. They are illustrative and may not represent the content truly.
0 Comments
Please, behave!