Analyst Predicts Dogecoin And Altcoins’ Next Surge – The Timeline
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In a series of posts shared on X, crypto analyst Kevin plotted a bullish situation for Dogecoin and Altcoins if the U.S. Federal Reserve shifted its monetary policy to monetary policy later this year. Kevin pointed out the basic and technical indicators, believing that the exact moment of current Fed policy will define altcoins will begin to decisively surpass Bitcoin (BTC).
Domycin season depends on the Federal Reserve
In his one renewKevin explains the crux of his position: “Everything is going as planned. We never jumped to the #Altseason trend, and the masters have been working on for 6-12 months, which has caused people to suffer damage. Based on all the evidence I have gathered, I continue to let my altcoin guidance be supported by facts and fundamentals (…) and I still believe that between March and June, we will see Powell come out and say that bank reserves have reached the level they think they have to end the balance sheet must end it.”
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He further emphasized that this potential pause and ultimate reversal Quantitative tightening (QT) New tax cuts and a broader financial easing cycle should be initiated. According to Kevin, this macro change will mark the beginning of a sustained altcoin rally: “This will start a new cycle of relaxation and further cut rates, and the combination should mark the beginning of the performance of the altcoin, with the BTC advantage remaining low. That’s my phone call Macro Basic Technical analysis is combined into a form of analysis. ”
Kevin digs into the market structure and predicts the decline in Bitcoin’s advantage, which measures the market capitalization of BTC relative to the entire cryptocurrency sector: “All the data I’m analyzing tells me that it will end between the QT from March to June. Then, AltCoins’ lasting performance will begin, and BTC Advantages Reduced durability to below 54.51%. ”
He noted that inflation needs to “sky” to keep the Fed going on QT, which is based on his research, which he believes is unlikely.
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Pointing to similarities between current market conditions and 2019, Kevin also explores a somewhat unconventional approach—performing technical analysis (TA) on the Fed’s balance sheet itself: “If we take a look at Total Assets held by the US federal Reserve (…) we can see that similar to 2019 we are getting close to re-testing the 2W 200 ema and 2W RSI and LMACD are in the same spot they were before the Fed ended QT.”
He expects balance sheet levels to reflect the conditions for 2019 over the next 126 days until the Fed will take a few weeks at its policy meeting in June. If the Fed’s total assets meet this threshold, he thinks it will confirm the timing he has been advocating.
Kevin mentioned the wider altcoin market, especially Dogecoin’s characteristics in its strategic prospects. Last week, he stressed the importance of overall market rationale and chart positioning when buying the Governor: “If #BTC sticks with it, macroeconomic data and monetary policy adjustments, then you’re just getting the last chance of a relatively cheap Dogecoin. There are a lot of factors at work and there’s still a lot of work to do. But, given this situation, the risk rewards at this level are excellent.”
At press time, Dogecoin’s trading price was $0.17.
Featured Images created with dall.e, Charts for TradingView.com
