The allure of altcoins and their incredible returns when crypto is bullish keeps investors buying the high beta assets. This comes with higher levels of risk and volatility.
The altcoin market appears to be possibly be ready for final capitulation, and variety of charts could support this idea. The technicals range from reversal signals in Bitcoin dominance to cyclical timing of troughs in Ethereum. Most importantly, signs point to this happening in August.
TD Sequential buy setup appears| BTC.D on TradingView.com
Pinpointing Trend Turns With TD Sequential
The first notable technical indicator that suggests a change in the altcoin market’s trajectory is a TD9 sell setup in Bitcoin Dominance on the 1M TD Sequential.
“Perfected” setups only are confirmed with a higher high or higher low, depending on the direction of the sequence. This leaves room for one more high in BTC.D during August, before a larger reversal between the…
