Altcoin
High-quality altcoin setup looks increasingly favorable as global liquidity prepares for expansion: Jamie Coutts
Real Vision analyst Jamie Coutts believes high-quality altcoins could be primed for a price surge as global liquidity increases.
Coutts tells With his 18,600 followers on social media platform
“Equal weight to market capitalization ratios among the top 200 at extremely bearish levels.
It is currently -2.8 standard deviations, a bearish extreme that has only occurred on three previous occasions.
• 2021: During a bull market that proved to be an excellent upswing in the cycle.
• 2022: Prematurely, but near cyclical lows when the market was down 70%.
• 2023: Near SEC-catalyzed capitulation lows, alt stocks have rallied sharply four months later.
Despite the small sample size, this measure of amplitude suggests impending cyclical bottoms and mid-cycle entries. Current data parallels the mid-cycle crisis of 2021, not the end of 2022/23.”
Source: Jamie Coutts/X
Earlier this month, Coutts predicted that alts would rise by the end of the year. He noted that the seasonal altcoin index, which measures the profitability of digital assets relative to Bitcoin (Bitcoin), could start showing bullish signs for alts within a few months.
“I still believe there will be a turning point in the second half of the year, sooner rather than later, as liquidity on the margins is starting to improve (recent central bank cuts).
Altseason Signal: While short-term alt price action remains bearish, a bullish moving average cross on the upper chart and a reversal in the secondary chart of the altseason index would be a pretty clear signal that things have changed.
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