Q4 Alts Market Outlook: Key Dates and Strategic OpportunitiesSomeone asked me for an update on the alts market, so here’s my Q4 outlook:
Total 10 broke out of the narrowing wedge a few days ago, and the previous resistance trend is now acting as support. From a cycle perspective, we have two important dates coming up: November 6 and November 9 (2-3 days before or and after window).
On October 6, several instruments—stocks and various cryptos— should hit their daily cycle low (DCL) on the same day. This event is significant and suggests we might see a decent flush with a price decrease around that timeframe.
My strategy is to have funds ready for the DCL October 6th and enter multiple long positions on my favorite alts, like Turbo, Ponke, and Popcat. However, any alts within the top 200 market cap should perform well. Another opportunity to add exposure will likely come around November 9, when we might see another flush or price decrease for BTC, and consequently, Total 10.
Remember to manage the risk, and remember that even if you see 10, 30, 80% bounce out of that DCL on your alts, they may roll over and decrease to lower levels than oct 6th eventually.
