Bitcoin and Alts
2025-02-02
Category: None

Hard time in crypto right? The altseason that we waiting havent come yet, or it's already came but we not realized yet because the dominance still high? We never know. But today price action remind me back in march last year, where most altcoins run a lots and dominance still high, and then bitcoin sideways for another 6 months, making alts in bloodbath.

Im really worried if this scenario playout again, because basicly alts has been moving december last year, then start nuking again in jaunary.

Based on elliot wave theory, we are in critical area, we are in wave 5 on the monthly chart, and potentialy there will a pullback and indicate the end of cycle, but sometimes there still a chance for invalidation. I know its hard to believe, because today news seems very positive to crypto, but thats also happen last cycle, where people feel so optimistic and suddenly bad news dropped.

After looking altcoins nuking this week, im really conservative now, i dont make same mistake like march last year or last cycle. What i can say is, this cycle is completly different. I would rather protect my capital and securing some profit, instead losing it all. So stay vigillant guys. Good luck.