#Altcoins# Update



In my pinned post, I told you about an everything-up rally taking place in August. #ETH# is leading the way in this rally and Bitcoin Dominance finally broke below the 0.618 Fib level at 60.34% and also the ascending trendline that comes all the way from September 2022.

Now that BTC dominance is below 60%, altcoins will follow ETH more closely. We only need a weekly close tomorrow, and another red weekly candle the next week. I'm expecting a run at least to the EQ of the range at 56% during August. At the end of August, there might be a re-test of 60%, followed by a real alt season after mid-September - specifically after the FOMC meeting.

This analysis is in-line with my pinned post about timing the cycle.

One (named Ben 😀) can argue that altcoins will continue bleeding against ETH now. It is true mathematically, however, it is not that easy to spot the perfect time to rotate to altcoins from ETH.

Probably, the sweet spot to rotate will be after the FOMC meeting. When you combine my timing analysis with the fact that altcoins outperformed ETH between the beginning of February until mid-April 2021, altcoins will likely outperform ETH between mid-September until the end of 2025.

However, keep in mind that even though TOTAL3 excluding altcoins may bleed against ETH, major altcoins, and some specific altcoins may outperform ETH from now on.

In my opinion, the smartest thing to do right now is to hold BTC and ETH, and at least trade some altcoins until the end of the month. Most probably, it will be the best time to "hold" them after the FOMC meeting in September. But this hold will be a temporary hold for 2-3 months. Never forget to take profits from altcoins.
IN-7.38%
RLY-4.97%
ETH-1.81%
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