Hello, welcome back to Alpha drop. My name is Ron. What a beautiful weekend we've had, huh? A lot of profits to be made. Everyone is excited. We've been positioning very, very well throughout the past year, and it's really paying off. But this is not the end because no, it just started. It just started, alright? You see a lot of greens. I think a lot of newbies might think, 'H, it's overextended. No, it's gonna crash again.' Or, you know, 'Oh, there's not enough time for my salary, I can't buy anymore.' But now is actually the perfect time to be buying alts. More specifically, taking long positions on alts. So we're going to explain that in the stream. But remember, none of this is financial advice, okay? It's a perfect time to FOMO. Exactly. It's a perfect time to FOMO, not exactly, but we'll get into, okay? But first and foremost, we are going to have a weekly giveaway. So yes, um, please sign up with our Bybit referral link if you want to be a part of this giveaway because the more signups we have for Bybit, we're aggressively pushing out a lot of these exchange affiliates. The more rewards we'll give out to our viewers, so more, more, more, more, more. So for now, we'll do 50.
And who knows, maybe we'll go to 100, 150, 200, 200. Let's see how much we grow because as we grow, I mean, it could be one soul a week. Yeah. Now let's look at how the market is doing. And it's really, really hot. We see greens everywhere. Um, but Tron, not so much. Why is it still there? Yeah. Why is it not moving at all? Huh? A-A-X is already moving. Oh, finally, over $30. Yeah. Over $30 is moving but Tron's still at 16 cents. What is going on there, sir? So we'll look into that, alright?
Now in terms of the visual representation, let's see crypto bubbles. I mean, everything's up, right? Everything's up, even in the weekly. A lot of double digits. Doge 90%. Doge 90%, huh? Nero 104%. Pepe 54%. Bonk 44%. So you must be very happy if you're watching this, beta bot. So I'm super, super happy. $3 is fun, huh? It's going to go higher and I know it's going to go higher. Yeah, all the Ada boys are creaming their pants, 77%, right? Yeah, why a scam pump? A, it's alive, aah is back alive. I think Charles Hoskinson is having his last laugh but it's still a long way to go for A, that's for sure. Um, we're thinking $1 is also a possible target for A. Their all-time high was nearly $33 in the last bull run. Now, let's look at the charts. So BTC doing its own thing. I mean, we don't even have to go through, we don't even have to talk about this, right? Our profit target at 79,000 was successful last week. We called it when we did the stream two weeks ago when BTC was trading at around 66,000, right? Things were looking very strong off this order block. This three bar pattern completely filled. It just took one more weak candle to complete that full pattern. But you can see it was very, very strong. So what do I have to say for BTC? Keep going, okay? But if you want support, where are we looking for support? Yet again, I told you about this, the monthly opening, which is at 7,200. That's the support for BTC and the local support for, I think, this entire quarter until the year end. Okay? So in terms of where next for BTC. It's in price discovery, so it's hard to say, hard to say. So let it do its own thing. Let it do its own thing. But now, let's look at why I think now is the perfect time to be buying alts.
So for ETH, I mean, every alt is looking at what ETH is doing. If ETH pumps, alts pump significantly. Not really BTC, it's ETH. ETH is the main driver for a lot of vaults and you're going to see why. Okay, so as we've said last stream on Friday, the Friday closing, if we have a weekly candle close above this major resistance, this support turned into resistance, now it is fighting for it to become a support. We have a big close, alright, we got the body closing above the resistance, not a wick, so it's not a swing, not a wick, so it's a swing failure pattern. Um, and in terms of where we think it might retrace, if it's going to nuke, hopefully it will maintain here. So we want to see something like this, which is also in line of roughly 40 to 70, yeah, 40% of the previous weekly price action. Okay, so roughly here bounce back up, we should be okay. This will be solidified as a continuation for ETH towards the upside. So now is actually very exciting because we are early. We are early, even though you see double digit gains, you might be thinking, 'Ah, is it getting late to be buying alts?' No, not at all. This is actually the beginning, but only if we have high time frame confirmation for ETH to go up. So I don't want this. I don't want to be overusing this term, but all eyes are on ETH this week. Okay, we want to see good body candle close again above this resistance this week. So we have six days left for this week's close. And here is why you should. Um, why alts are primed for a takeoff. So we're going to look, we're going to look at the total three first. So this is all alts excluding BTC and ETH. This is the market cap. So in terms of the price action, we have reclaimed the long trend line that we drew since October 2023. So this was when everything started pumping, right? Last year, then it just went up, up, up, up, up, up, up, up, up, and then after April, it cine breaking this trend line. Now we're above that trend line. And look at the previous all season. Okay, it closed at, it topped out at $1.13 trillion for all season.
And a very good analysis that I failed to recognize is, hey, you know, Trading View actually has great analysts doing free content for you guys. And what they think is going to come for the market. So Trading View is saying that it's a strong buy for a lot of vaults, specifically the ones that are in the top 10. Okay, so I want to, in this stream, I want to differentiate, um, the difference between total three and others, which is the one that we use mostly. Okay, because this is the alts outside of the top 10 crypto market cap, and this reflects more of the midsize altcoins that I'm sure a lot of you hold because that's what a lot, like we hold a lot of these. SS compared to the larger ones like ETH, Solana. So we're going to look at that. Okay, strong buy, moving average, strong buy, but oscillators is neutral. So in the surface level, this means that it is not overextended. Okay, we're seeing a lot of greens right now because currently a lot of alts are reclaiming the loss that they have suffered over the past few months. So it makes sense. So in theory, we are net even, we're break even, we're not overextended. Okay, if oscillator reaches strong cell, that's when it is overextended. But this is just the generalization of how the total three market cap is performing. Now, specifically, what type of alts I'm talking about, like without sounding like a shill for the alts outside of the top 10 market cap. So we're talking about here, right? This also includes Soi, by the way. Yeah, Soi, Aptos, Gala, and a lot of Cosmos tokens as well, Arbitrum. Yeah, Filecoin, Tiamat, Phantom, Optimism, Hia, Hashgraph, MH. Oh, wait, wait, before we get into the others, though, look, look, look. This right here, so this is following like the banana graph, okay? This is made by one of the official content creators on Trading View. So he's thinking that if it's following the banana zone, which is very similar to how Bitcoin performs over the cycles, he's looking to 2.5 trillion as the top-end target. And right now we are at $734 billion. So we still have a very long way to go for the alt season to top out. So I think on Twitter as well, there's sentiment that they're thinking two trillion could be the market top for all season, but mostly dominated by ETH, Solana, Cardano, Shibu, Dogecoin, and BNB. Okay, 2.5 trillion. I don't know, what do you think? Do you think we can actually reach 2.5 trillion? Because based on how market moves in cycles, if the industry itself will excel moving forward, just like how the stock markets did 50 years ago, 100 years ago, there's always going to be a leg up every bull cycle, right? There's going to be a bear market, but the bear market retracement is around like 30% maximum for stock markets, but crypto markets a lot more volatile. So we expect something like 80%, 70%, but always in the next bull cycle, the next leg up is going to be a lot bigger. So look at this, okay, this is the 2021 all season for total three and we're not even in real all season yet. This is still pre all season, yep, because in the others look, okay? We're still below 10% in terms of dominance for altcoins outside the top 10 market cap. And I want to show you this perspective, look at this, this is where we're at right now. This deviation was in February 2024, January 2024, this was the mini old season that we had early this year. Y, okay, now let's zoom out a bit, look at this larger deviation, huh? This is the alt season topped out at 19.44%. Actually, it didn't look that impressive. It's like this, this is what we're trying to fight right now, okay? This is a much better perspective, watch, watch, watch, 9.73%, mini deviation, huh? Two, two, two, three weeks ago? We zoom out a bit, there was the January, February 2024 mini alt run, right there, right there, deviation, okay? Then this is the final boss that we need to tackle. This was the 2021, 2021 all season, okay? Three stages we have to tackle, and we have a long way to go. We still have a long, long way to go. That's a really great frame to perspective how early it still is and for, I mean, everyone that's watching, everyone that's in the trenches right now, we, they might think that, is it getting late? I don't know, should I keep continuing to buy? Could I keep continuing to on-ramp more crypto? Yeah, like we are still very, very early in the scheme of things, M, and there's still a lot of time, a lot of time, a lot of time. So yeah, what do you guys think, right? It's a great discussion, yeah. The only way to mitigate your risk is to set your stop loss, but as I've said last week, there's two different trading principles. You're either trading or you're investing. You're holding for 10 or 20 years. So now, I think instinctively, BTC and ETH are the best assets to HODL wise. Everything else is just for trading. So we're looking for short to midterm for a lot of vaults. For BTC and ETH, I don't mind holding, but even though I myself don't hold BTC, I only trade BTC. So I want you guys to tell me in the chat because you guys are a smart bunch. You guys gave us a lot of good alpha, and I want something that is very similar to what Mantra did, where that guy bought what, $800 worth of Mantra, $800 worth, didn't look at it for about 7 to 8 months, yeah, and now he's at $50,000. Now he's at $50,000. So that's like nearly a 1,000X, huh? Now I want you guys to tell me, and we're going to journal this, we're going to research this. Are there any altcoins you guys are watching that you think can pull off like Mantra, where it went from 0.00 something to $145 today? Now, the Wi-Fi is very weak, it's not loading. I think it doesn't want me to. There we go, nice. I like it when this happens, okay? So what coin is around here right now? What coin is around here? Right there, right there? That's what I want to know. What coin is here? And then let's say, maybe in six months or one year, it's going to be here. I think there's a lot of opportunities. A lot of alts are going to do something like this, and we want to be positioning ourselves for those. So please let us know, guys. All right, thank you guys so much for watching. Peace out.
Q: When is the perfect time to FOMO and what are the details of the weekly giveaway?
A: The perfect time to FOMO is discussed along with the details of the weekly giveaway in the Alpha drop stream.
Q: What are the current market trends and why is Tron not moving significantly?
A: The market trends are discussed in the stream, including the lack of movement in Tron compared to other cryptocurrencies like A-A-X.
Q: Why is now considered the perfect time to buy altcoins?
A: The reasons for considering it the perfect time to buy altcoins are explained in the Alpha drop stream, mentioning various factors such as market analysis and potential growth.
Q: What is the potential of altcoins and how is the market analysis for them?
A: The potential of altcoins and detailed market analysis for them are discussed in the stream, focusing on factors like ETH's impact on altcoin performance and overall market trends.
Q: What altcoins are analyzed for growth potential and why are they recommended?
A: The stream analyzes specific altcoins for growth potential and discusses why they are recommended investments based on market analysis and performance indicators.
