Log in

Market Analysis

Crypto indices hinting a possible Alt-Season

Updated: Aug 31, 2024
Published: Jan 12, 2020
0
Share:

It has certainly been an interesting few days! Volume is back, we’re hitting over $90B/24H according to CMC which is a good sign for an upside continuation on BTC and reversal for Alts. The reason we’re analyzing the Altcoins’ MCap first is because it is more bullish and considering the level the Bitcoin Dominance is at (approx. 70%) we can say, from a fundamental perspective, that it will reverse in the near future.

Post Feature Image

We expected $48B to be the level of support to be hit but it was front ran, which happens often and we must adapt to that. The same occurred when everyone was expecting BTC to bottom at $2,950-$3,000, the level was front ran back then.

We’ve broken out of the falling wedge successfully which targets the dashed-line near $103B AND price action just crossed 63B with a daily candle and has retested it for support.

As long as this level holds (and we cannot stress this enough), the next target will be 83B followed by 103B. An incredible 60% increase from today’s prices! Whether the [$110B-$120B] grey block will be rejected or crossed remains to be seen and no one can anticipate the latter with a decent level of certainty from now.

alignnone size-full wp-image-12120

Now, taking a look at the Total MCap, which is largely influenced by Bitcoin, we see a different image being drawn. PA found support near $170B (light grey area) and is now finding difficulty crossing $216B (i.e. at resistance). Considering the amount of volume being traded as well as the market sentiment that turned to “Neutral” a few days ago which has been in “Fear” & “Extreme Fear” since late summer 2019, we could say that 216B will ultimately be crossed.

But pairing this image with the bullish image of Alts, the bearish image of the Bitcoin Dominance and the plausible double-bottom (with a bullish divergence) on ETH/BTC. We could start anticipating Altcoins to outperform Bitcoin in the near future.

alignnone size-full wp-image-12121

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Bullish Breakouts and Critical Resistance Tests
PRO
Market Direction
BTC, ETH and More: Bullish Breakout...The majors broke upside on positive macro news, now testing key resistances. Watch for bullish conti...
8 min read
Oct 27, 2025
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025