TechDev Newsletter - Market Update Issue #53

So Much Rhyming.

Lots of charts to get through today, so let’s dive in.

We’re going to examine a growing body of evidence suggesting that the market is positioned very similarly to this exact time of year in 2016. Now, it’s important to note - this is not an identical setup. Markets rarely repeat, but they do often rhyme, and that’s exactly what we’re seeing here. The similarities are clear, but several variables make it distinct.

In the past, I’ve pointed out some evidence that still leans toward a market structure resembling H2 of 2017, something I’ve been discussing for months now. But more and more data points are beginning to favor a late 2016 analogy. We’ll dig into that today and highlight why this parallel could be crucial for the upcoming price action.

Finally, we’ll also be classifying the next 7 altcoins from our Target Sheet according to the 4 strength types we’ve been discussing, breaking down how each fits into the broader market picture.

Let’s get into it.

Today’s topics

Bitcoin

• Weekly Bitcoin Chart

• Structural Rhyming

• Stock Market Rhyming

• Liquidity Cycle Rhyming

• On-chain Rhyming

Altcoins

• Strength Classifications

  • LTC

  • LINK

  • AVAX

  • FTM

  • XRP

  • GRT

  • DOGE