The Start of Altseason?

Things Will Get Crazier

Author

Alpha 12 Team
February 20, 2024

Market Overview:

Our predictive indicator, (which only premium subscribers have access to), has correctly predicted the intra-day -3% pullback last week, and it is now calling for a slow grind upwards. Will it be correct this time? Upgrade for our take on it.

Bitcoin ETF inflows have been very strong. Despite $7 billion of GBTC outflows, net inflows stand at $4.9 billion since January.

Expected continued strong inflows coupled with improving macro conditions (specifics below), give us strong reasons to believe Bitcoin still has much room to run before any meaningful downward reversions happen.

A rare altcoin metric on the weekly chart has flipped bullish. This, alongside a confluence of other metrics, suggest we might have entered altseason.

300% in 1 month!?? That’s how much one of our tokens in our portfolio made last month. Congrats to everyone who bought when we gave the signal. This is just the start.

Market Twists & Turns Cont...S&P 500, Major Indexes, employing cycle, EW & technical analysis.

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