I’ll break this chart down for you like you are 5 year old degen boy.
This is the OTHERS/ETH chart.
OTHERS = the market cap of all cryptocurrencies except Bitcoin and Ethereum.
OTHERS/ETH shows how strong all those altcoins are compared to Ethereum.
On the bottom half of chart you see the RSI indicator. Think of it like a mood meter for altcoins:
– When the purple line is high = altcoins are “happy” (overbought).
– When the purple line is low = altcoins are “very sad” (oversold).
Right now, RSI is the saddest it’s ever been in the whole history of altcoins – basically super cheap compared to Ethereum.
Looking at the past, every time the chart hit levels this low, altcoins bounced back sharply.
So, the hint here is: altcoins are getting ready for a strong recovery.
I’d love to say the bottom is already in, but in crypto there’s usually one last liquidation shakeout before we go UP ONLY. Only the crypto gods know when and how it happens. If you trade with stop-losses, no worries – you’re safe. If you’re gambling without them, that’s your choice. Everyone is responsible for their own decisions.
This week, my community and I are planning a big spot buy-in. I’ll share the details in my Discord – stay tuned!
