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Quick analysis of the situation
If you thought altcoin season was a one-hit wonder, think again! Crypto analyst Kevin, also known as Kev Capital TA, is back at it, and he’s got a theory that might just get your digital wallets tingling. Picture this: a replay of the structural script that launched us into the wild ride of the 2021 altseason, but this time, it's the ratio of altcoin market cap (excluding Ethereum and stablecoins) versus Bitcoin—often dubbed “Total3/BTC”—that’s got everyone buzzing.
In a cheeky video posted on September 2, Kevin argues that we’re seeing a budding “Wyckoff-style bottoming process” that could set the stage for another altcoin explosion. Buckle up, folks; it sounds like the altcoin rollercoaster is getting its safety checks for take-off.
The Dramatic Setup
Kevin isn’t just pulling rabbits out of hats. He’s pointing out how the current landscape mirrors the chaotic transition from despair to surging excitement we all felt in 2021. “Listen up, folks,” he says with gusto, “the structure, not the headlines, comes first!” Right now, he claims, the weekly and monthly charts for Total3/BTC are like those old school patterns your grandma used to knit (but a lot more exciting and with way better potential returns). The chart has retraced into an accumulation range, staged a dramatic “capitulation flush,” and is now squaring up for a “spring phase.” Yes, I said “spring phase.” It’s like spring cleaning, but with potential profits instead of dust bunnies!
The Cosmic Ingredients
But wait! Not so fast. Kevin is keen to remind us that this altcoin party isn’t just about pretty charts and good vibes. There are some macro “ingredients” that must come together before we pop the champagne. We’re talking about lower or flat inflation, a labor market that’s cooling off without crashing, and growth that’s soft yet stable. Sounds like the Goldilocks zone we've all been waiting for, doesn’t it? If these mix just right, the Federal Reserve might start tweaking the balance of risk. In Kevin’s bold prediction, we could see a shift of “quantitative tightening” to something nearer neutrality, paving the way for altcoins to regain the spotlight.
Technical Magic & Momentum Mayhem
Now, let’s get down to the nitty-gritty! Kevin highlights that across timeframes, indicators are hinting at something magical. He’s seeing symmetry that mirrors those euphoric 2021 liftoffs, and the Market Cipher is flashing a fresh weekly buy signal. With whale money flow bottoming out at the same level as 2021, and stochastic RSI soaring sky-high, the signals are mounting like a digital blockbuster hit.
Sliding back to the monthly charts, Kevin unearths an impressive eight-year support band that’s been holding firm. He sees this as a launching pad—an invitation for altcoins to make a grand return. The monthly momentum has its own tale to tell, teasing a bullish divergence that suggests the best days might just be ahead.
A Sequel Worth Watching
One cannot help but notice—the excitement isn't solely about Total3/BTC. Kev isn’t shy about mentioning Ethereum. He believes that not only is the bottom in for ETH, but it’s also getting ready to take the spotlight yet again! Altcoin rotation could soon be a sequel worth watching in the crypto cinematic universe. With outperformance popping up from a high-stakes support band, it’s like waiting for the climax of a thriller you can’t put down.
Of course, Kevin is no druid; he knows September is historically a hiccup month. He cautions that the real action may be contingent on macro confirmations heading into Q4. As always, the charts might be chatting away, but they won't guarantee a happy ending without a plot twist or two.
The Bottom Line
In the grand finale, Kevin leaves us with an electrifying sentiment: “If there was ever going to be a time that it was going to happen… now’s the time.” So, grab your popcorn, keep an eye on those macro data releases, and watch out for Total3! The altcoin market cap might just steal some of Bitcoin's thunder, and if things shake out as Kevin predicts, we might be on the threshold of crypto's biggest run ever. Are you ready?
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.
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Please, behave!