TechDev Spots Once-in-a-Cycle Altcoin Signals as Market Roars Back to Life

Altcoins are flashing their most bullish patterns since the 2021 supercycle—and this time, institutional money's fueling the fire.

The indicators screaming 'buy'

TechDev's proprietary models show altcoin dominance breaking key resistance levels last seen before the last parabolic rally. No guarantees in crypto—but when these signals align, history suggests triple-digit gains follow.

Why Wall Street can't ignore this

With BlackRock's new tokenized fund sucking up ETH and Coinbase listing five obscure alts this month, the 'smart money' playbook looks suspiciously like retail's 2021 strategy. Just with better PR.

The cynical take

Of course the rebound coincides with Fed rate cuts—nothing pumps crypto like cheap money chasing poorer returns elsewhere. Trade the trend, but pack an exit strategy.

$118,190, and Ethereum$3,753, the analyst focuses on what is known as the TOTAL3 index. According to TechDev, this index might have entered a new expansion phase after overcoming a significant upward formation that has been in play since the end of 2020.

ContentsHistorical Formation and Major Expectations for AltcoinsThe Role of Stablecoins and Market DynamicsThe Potential Impact of the Livermore Model on Altcoins

Historical Formation and Major Expectations for Altcoins

TechDev suggests that the current movements in the altcoin market resemble what Jesse Livermore described as the Livermore Accumulation Cylinder. In this model, prices FORM increasingly higher dips and peaks, exhibiting a clear upward trend. It’s noted that such a structure, as defined by Livermore, can lead to sudden and significant price escalations outside the formation.

The analyst asserts that the altcoin market is currently experiencing this process, claiming that the current rise began following an extensive consolidation period of approximately four years. This development could herald an unprecedented expansion in the market.

TechDev: “Macro altcoin expansion triggered. It hadn’t been seen since late 2020. This follows historically the longest four-year consolidation.”

The Role of Stablecoins and Market Dynamics

TechDev also emphasizes that the introduction of stablecoins into circulation plays a crucial part in the altcoin market’s trajectory. The analyst believes that the further circulation of stablecoins contributes to raising the general prices of digital assets. However, they note that, up to now, the movements related to stablecoins have mostly been temporary recoveries rather than a genuine bullish trend.

TechDev: “Most people are still unaware. It relates to releasing stablecoins into the market. When there is an increase, the crypto market also rises. But most past actions were short-term moves contrary to the main trend. This will be the first real breakout.”

The shared graph suggests an unprecedented potential increase in stablecoin flow. Previous bullish periods saw movements primarily testing the market’s dynamics via short-term increases. However, a new phase for the crypto market now seems possible, reliant on a lasting differentiation in stablecoin distribution.

The Potential Impact of the Livermore Model on Altcoins

The Livermore Cylinder model is known historically in financial markets as a rising megaphone formation. In this model, prices oscillate, escalating both troughs and peaks, eventually leading to rapid and sudden price surges. TechDev’s analysis suggests that the altcoin market could be amidst this very process.

While no investment advice is given, market followers are encouraged to carry out their assessments and consider risks. Current graphs, particularly the TOTAL3 index, show clear expansion signals. Although making definite future predictions for crypto markets is challenging, there is an implication that movements post prolonged consolidation phases could potentially carry significant price rises.

These evaluations are based on various technical indicators and formation analyses. In particular, the role and distribution of stablecoins in the market appear to be key focal points in the upcoming period. As analysts frequently emphasize, closely monitoring market developments might be crucial for individual investors and market observers.

Amid the current conditions in the cryptocurrency markets, whether the highlighted positive signals by analysts translate into real increases may become apparent in the coming days. Hence, investors are advised to observe market movements carefully and cautiously, developing informed approaches concerning potential risks and opportunities. Current technical analyses and formations continue to provide general insights into market dynamics.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.