Altcoins
The Setup for High-Quality Altcoins Looks Increasingly Favorable as Global Liquidity Prepares for Expansion: Jamie Coutts
Real Vision analyst Jamie Coutts believes high-quality altcoins could be primed for price increases as global liquidity increases.
Coutts tell his 18,600 followers on social media platform high quality altcoins.
“The equal weight/market capitalization ratio of the Top 200 is reaching extremely bearish levels.
Currently, the standard deviation is -2.8, a bearish extreme that has only been reached three times before.
• 2021: During a bull market that has proven to be an excellent restart of the cycle.
• 2022: prematurely, but close to the lows of the cycle where the market was down 70%.
• 2023: Near the capitulation lows catalyzed by the SEC, Alts made a decisive move higher four months later.
Despite the small sample size, this magnitude measure hints at upcoming cyclical lows and mid-cycle entries. Current data is for the mid-cycle decline of 2021, not the end of 2022/23.
Source: Jamie Coutts/X
Earlier this month, Coutts predicted that altcoins would see strong growth later this year. He noted that the Altcoin Season Index, which measures the profitability of digital assets relative to Bitcoin (Bitcoin), could start showing a bullish trend for altcoins within a few months.
“I continue to believe that a turnaround will occur in the second half – sooner rather than later, as liquidity at the margins starts to improve (recent central bank cuts).
Altseason Signal: Although near-term alt price action remains bearish, a bullish crossover of the moving average on the upper chart and a reversal on the Altseason Index subchart would be a pretty clear signal that things have exchange.
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