Post
Topic
Board Altcoin Discussion
Re: Is the Temporary Down Turn for Altcoins Over?
by
nelson4lov
on 06/04/2024, 21:44:54 UTC
~Snipped

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

I do not believe that there would be any mega dumps between now and the halving window which is 2 weeks away even for altcoins. Right now, everyone's bias is bullish and all perma bull traders won't want the bears to spoil their parties. So, yes; I think that altcoins are going to run from here or a mini run leading to another major run just like in October—December or even the January - February run.

I know some TA but I'm in no way a TA expert. But the BTC.d chart is looking really good for altcoins and I have gauged the sentiment so far from CT to some on chain analytics. We will see some altcoins run soon and it will no way be this rotation games that everyone has been playing — This week for AI, next week for RWA, upper week for memecoins. None of that.