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- TSP#14: Altcoins
Marco Johanning
Hello everyone!
Welcome to the fourteenth edition of my newsletter! Every Saturday I’ll be sending out a quick newsletter on how to master crypto. I write about mindset, trends and analysis.
Today, I focus on altcoins!
Market cycles
All markets move in cycles like bull market, bear market, accumulation phase, repeat (take a look at the image at the top for that).
However, crypto has its very own cycle. During the bear market and accumulation phase, as well as the early bull market, it is very difficult to outperform BTC (and ETH as the largest altcoin).
Altcoins truly explode after BTC goes parabolic. The least risky way to invest is therefore to have the majority of the portfolio in BTC (and ETH) and only invest in small coins during the bull market. The graphic below beautifully summarizes this:
There is also a useful tool to measure the status of the altseason cycle, namely BTC dominance. When Bitcoin experiences a significant parabolic rise and the BTC dominance decreases, it is a sign that altcoins are about to explode.
In the last bull market, the all-time highs in altcoins were reached in November. If you take a look at the chart below, you can see how much time one actually has!
Right now,I think that the dominance will rather continue to rise, and I have also marked the ranges in which BTC is likely to move until the bull run in the chart below. I still believe that the next bull run will really take off around the halving in April 2024. But that heavily depends on the approval of the Bitcoin-ETF.
Until then, dca BTC during significant dips. We might even see a retracement to $22k again, which would indeed be a very good buying opportunity!
For those who have more time and risk tolerance, it is, of course, possible to identify trends and exploding altcoins earlier.
I will definitely keep you updated on the BTC dominance, as well as which altcoins, from my perspective, are worth considering. This article is just the first part of a series of deep dives into important coins that I believe could play a central role in the upcoming bull run.
Next week: QNT!
Twitter Reads - week of rugs
Oh c'mon guys!
Start using a contract scanner and your brain!
$BALDRenounced: No.
Contains potential code used in scams: Yes.In my memecoin guide, I've explained everything.
DM me if you want to have it.— Marco Johanning (@themarcojo)
1:14 PM • Jul 31, 2023
Curve Finance, a key pillar of the DeFi ecosystem, was recently hacked for ~$62m.
The founder Michael Egorov is at risk of liquidation on a $100m+ position.
It could trigger a substantial DeFi implosion.
🧵: EVERYTHING you need to know about the $CRV situation (MEGA THREAD).👇
— Miles Deutscher (@milesdeutscher)
7:07 PM • Aug 1, 2023
Altseasons had always the same schematic and nothing changed since then
1. Volume flows into BTC
2. Volume flows into mid caps
3. Volume flows into small capsThey lie to you
They tell you altseason is coming, while reality is, most of altcoins are in an accumulation phase twitter.com/i/web/status/1…
— Doctor Profit 🇨🇭 (@DrProfitCrypto)
11:18 AM • Jul 21, 2023
The crypto space is absolutely toxic
Another crypto influencer busted for fraud
Richard Heart, founder of Hex coin used at least $12 million in investor funds to purchase cars and watches
No other space has more liars and cheats
Raises over a billion dollars then steals the… twitter.com/i/web/status/1…
— NFT God (@NFT_GOD)
7:21 PM • Aug 1, 2023
Here's the story of the first rug I fell for
This was actually the first time I minted an NFT from a public mint.
Let's dive in 👇
⭐️⭐️⭐️⭐️⭐️
A little bit of contextI was new to the NFT space, and at that time I was obsessed with money. I noticed there were a lot of… twitter.com/i/web/status/1…
— Symuria (@SyMoonSailor)
8:55 PM • Aug 3, 2023
With my best regards and wishes, I hope you have a wonderful weekend.
Marco Johanning
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And if you have any questions, I’d happy to help. Just reach out to me on Twitter.
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