Altcoin News Official TheBitTimes.com

A crypto strategist known for making timely altcoin calls believes that the top meme token Dogecoin (DOGE) is gearing up for a breakout surge. Pseudonymous analyst Bluntz tells his 316,700 followers on the social media platform X that DOGE appears to be carving a local bottom en route for a bullish reversal. The trader shares a chart suggesting that DOGE seems to be printing an Adam and Eve pattern while flashing a completed ABC corrective move. “DOGE looking pretty solid here in my opinion after consolidating for two weeks after that capitulation event. If there’s one saying that’s always stuck with me, it’s never short a dull market.”  Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that an asset tends to witness a five-wave rally after concluding an ABC-wave correction. Meanwhile, an Adam and Eve pattern suggests that an asset is bottoming out as bulls build a price floor in preparation for a leg up. Bas...

A crypto strategist known for accurately calling the 2021 digital asset cycle top believes that altcoins are poised to witness a bounce. The analyst pseudonymously known as Pentoshi tells his 854,200 followers on the social media platform X that he’s accumulating crypto assets believing that the altcoin market is gearing up for a recovery. He says he’s keeping a close watch on the OTHERS chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins. “It’s kinda hard for me to be bearish in this range. We can still fill it out more of course and it can chop around. I spoke a lot about taking out money as the bull run progressed and have begun to deploy some of that capital short term.” Source: Pentoshi/X Looking at the trader’s chart, he seems to predict that OTHERS, which some traders refer to as the altcoin index, can still drop to its immediate support at $247 billion before rally...

A closely followed analyst and trader thinks that altcoins are gearing up to have their time under the sun and outperform Bitcoin (BTC). Crypto strategist Ali Martinez tells his 72,200 followers on the social media platform X that he’s keeping a close watch on the TOTAL3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins. The trader shares a chart suggesting that TOTAL is about to witness a big burst to the upside. “The altcoin market cap looks primed to surpass $1 trillion… It is just a matter of time before altcoin season!”  Source: Ali Martinez/X At time of writing, TOTAL3 is trading at $603.371 billion. The trader is also keeping an eye on the Bitcoin dominance (BTC.D) chart, which tracks the market cap of Bitcoin against the rest of crypto. According to Martinez, BTC.D is flashing a signal that bodes well for altcoins. “Bitcoin dominance seems to be topping out, hinting ...