Week of January 13, 2025

Altcoin Screener Free

Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:

Altcoin Screener Sample List

Bitcoin Update

Hate to sound like a broken record but the update from last week still applies to this week. Bitcoin is still in this same range between 90-100k. I am sharing a zoomed in version of my Bitcoin Seasonality Index from the Pro Discord group and my thesis has been that we continue ranging or dropping through the US presidential inauguration on January 20. I suspect that this will resolve to the upside around this time period through early February.

There is still a chance Bitcoin falls to 85-90k region so just calling this out as a potential scenario but even if it does, I’m not that worried for altcoins because they have been showing incredible strength especially most of the ones we hold in the portfolio.

Bitcoin Dominance Update

Bitcoin Dominance is still following one of the scenarios I presented from the last newsletter where the rejection from the trendline is resulting in a potential new downtrend. This is starting to go above 58% again so it’s possible we revisit 60-62% before dropping again.

We have seen this type of behavior in previous cycles where it revisits the highs before plummeting.

OTHERS Dominance 2 Week Z-Scores

The potential bottom is still intact for OTHERS Dominance. It’s possible we revisit the trendline but otherwise still looks fine to me.

Solana Update

We are re-testing this $175 level again as we range and try to find a bottom. It’s possible this goes to $160 but I would still treat this as a buying opportunity.

SOL/ETH trend is still intact but it could revisit support:

Not much to update with SOL/BTC pair. Still in the same range and waiting for the break above this trendline:

Dogecoin Update

Dogecoin has retraced most of this recent rally. If we do go lower, it’s possible we go to the golden pocket zone around 0.24-0.25 before continuing higher. I am seeing worse case scenario as 0.17 which is the bottom of the golden pocket zone.

Large Caps

For large caps, here’s the ones that stand out on a long term timeframe:

  • XRP
  • Dogecoin
  • Sui
  • Hedera
  • Stellar

Sui continues to show considerable strength and is only down 6% from its recent high while most of the crypto market is down 20% or more. Dogecoin has presented another buying opportunity at these levels.

Although Pepe is technically not a Large Cap at the moment since it’s below $10 billion market cap, I did want to share that this is in a good buy zone at the moment. It’s possible we drop to 0.000013 and this would also be a good buy level.

The remaining coins are XRP, Stellar and Hedera which as I mentioned in previous newsletters, I would not advise buying.

Here’s the ones that stand out on a short term timeframe:

  • Hedera
  • Stellar
  • XRP

XRP, Stellar, Hedera and Chainlink make the short term list also but again I’m cautious on these for the reasons mentioned in previous newsletters.

Model Portfolio Update

The model portfolio is now up over 30% since this latest market correction:

I pointed out which coins are still in a decent buy zone so be sure to review those if you are still looking to allocate. Otherwise, we sit tight and let the cycle play out monitoring for the cycle top data to trigger.

To see the detailed analysis on this as well as the updated portfolio, sign up and become a pro today and gain an edge in the crypto market.

Not financial advice. Please consult a financial advisor before making any investment decisions.

Questions?

Get in touch, we will be happy to help!

Leave a Comment

Sign up for one of our plans that fits your needs.

Contact

Contact Form