#Altcoin Thread: Why I think we will have a few more weeks to pump for $ALTS. $ETH $XRP $BTC

I had most screens done on Saturday so apologies if they are a few days old. This is also referencing ALT/BTC pairs, not so much ALT/USD pairs. I believe USD pairs will follow #Bitcoin

Here was a thread I posted 3 weeks ago on if we were going to get another $ALT pump. The main thesis is that: As long as big caps such as #Ethereum do well, I think that ALTS will have a strong spring. This is also fairly cyclical. https://twitter.com/AltcoinSherpa/status/1242550958095314948

Generally, you will see alts do v. well in Q4/Q1 and then retrace hugely in the summer. That's been the cycle the last few years and I don't think this will be different. That said, global markets may play a big role, which is why I'm being cautious w. claims here.

Let's start with $ETHBTC: Still looking good, strong 1W close. If you look at ETH market cycles, you'll see that there's a big first pump followed by a 2nd pump that is not as high. I didn't mark the 2nd one in 2019 due to the timing but it is likely more relevant.

It's going to be really interesting to see if #ETH goes much higher over the coming months and makes a HH. That would mean that alts have a much stronger run than I think will happen in the coming weeks. I think this 2nd pump will be lower than the first 1 (a month ago).

#Altcoin market cap: You'll see that things generally pump in Q4-Q1 and then retrace in the summer. 2020 has a similar chart to 2017-2018, big pump in Q4 followed by retrace. I believe we still have a few good weeks left for $ALTS.

$BTC dominance: I believe is still making a LH and headed down a bit further. Read more from @rektcapital on the relationship between BTC.D and alts. The lower BTC.D goes, the higher alts go (in ALT/BTC pairs).

Many big caps still haven't truly pumped yet, relative to what they've done in the past. Even when we had the big alt run before, #thestandard $XRP did not pump massively. At a minimum, #Ripple should at least do 60% like the 2nd pump in 2018 IMO.

Other indicators for #altszn is $DOGE, which has been ranging for many months. I highlighted some of the pumps for #Dogecoin in the spring time across a few years.

$ADA is another great looking chart on lower TFs but again, I haven't seen a big move yet. Mid caps have arguably not had huge moves relative to where the total #crypto MC is at. High sell volume might show a reversal perhaps.

$EOS is another mid cap that had a nice run but retraced hard. I still think there will at least be a 2nd pump. The same can be said for many of these mid cap coins who had good gains in Q4- secondary pump coming IMO.

$BNB #Binance is another strong indicator for alts given binance is still the casino for retail like me. Stuff like BNB doing well is good for alts in general IMO.

In summary, I think that alts will have a secondary pump within the next few weeks. Yet TBD if this 2nd pump will be as strong as the 1 we experienced 2 months ago; my suspicion is not. That said, if ETH makes a HH, all bets are off and I expect alts to run longer and farther

than I initially expected. Look for market leaders such as $LINK $XTZ $ETH and other strong alts. If those start to falter then I expect the rest of the market to do so as well.Those coins are still looking good for now though IMO and bullish af.

I still expect to sell most all alts by summer. Don't believe in buy and holding alts and I also think that global markets could still affect this secondary alt pump- perhaps I'm very wrong here and everything is just going to retrace and this pump we had last week was it.

Let me know what you think and if I'm totally wrong here- would love to hear your thoughts. Thanks for reading.