Benjamin Cowen, a well-known cryptocurrency analyst, has pointed out that many cryptocurrencies that exhibit a double bottom against Bitcoin (BTC) have experienced HIGH price increases, we have examples like SOL ($225.05 - 211.31% return (1y)) in the middle of 2023 when it did a double bottom against BTC and recently with XRP ($2.62 - 323.88% return (1y)) in early November, both outperforming BTC ($106,726.68 - 155.86% return (1y)) this year.
Source vid: The EXACT Date You Should Go ALL IN on Altcoins! [SO SOON] at 42:00
BTC Dominance
When BTC's dominance rises relative to other cryptocurrencies, ppl often shift into BTC in search of stability, aiming to capture the secure upside that altcoins may not provide. During this period of increasing BTC dominance, altcoins can bleed or just go sidewaves while BTC goes up, meaning their value decreases in relation to BTC. But, these altcoins I'm gonna show you seem to have double bottomed against their BTC pair and it might be the start of a huge upside in the USD pair too.
Double Bottom Pattern
The double bottom pattern indicates that selling pressure has bottomed out and can signal a bullish move. Recognizing this pattern in the context of BTC dominance offers a valuable setup and great expectations for price since it tends to follow an upside movement.
So🤔¿Are you wondering which AltCoins have a similar setup? 👀
I just wanted to point out coins in the Top 30, while all crypto market implies risk, the ones in this top 30 have high marketcap and are well known projects so you're kinda in safer.
Chainlink (LINK) Avalanche (AVAX) AAVE (AAVE) DOGE (DOGE) Doge is already on the move but it has the checkbox, could go higher in this pair
Which ones are on the way to get this setup?
NEARAPTDOTADA - All these 4 are on the way to get it, but remember it's just a good setup IT DOES NOT MEAN they're not gonna go up in the altseason cuz they're probably still gonna do it since they're really big L1's. One thing for sure that has been talked about it's the concern that we had like a mini altseason and ofc we can't say for sure it's coming the big one, but BTC 4 year cycles has repeated till this date so it might come anyway.
That's it for the post, these are the top 30 altcoins that could outperform BTC from now, thank you for your time and remember DYOR (Do your own research)
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