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In a series of joint publications on X, the Kevin encryption analyzed a bullish scenario for Dogecoin and Altcoins in the event of the US Federal Reserve has transformed his monetary policy towards mitigating later this year. In reference to both the basic and technical indicators, Kevin claims that the current federal reserve policies will determine the exact moment when altcoins begins decisively superiority over Bitcoin (BTC).
The Dogecoin season depends on the Federal Reserve
In one of UpdatesKevin Johar explained his position: “Everything continues to go exactly as planned. We have never moved on #Altseason cars that the teachers paid for 6-12 months that people destroyed. […] Based on all the evidence collected, I still think that between March of June, we will see Powell come out and say that bank reserves have reached where they feel that it is necessary to end the operation of the public budget that will end in its role. “
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He also emphasized that this possible temporary suspension – and the ultimate reflection – of quantitative tightening (QT) must start in a new cycle of discounts in prices and a wider financial reduction. According to Kevin, this integrated total shift will indicate the beginning of a continuous altcoin gathering: “This will then start a new cycle of mitigation with more price cuts, and the combination of the beginning of the street performance and the domination of BTC must be less.
Upon depth in the market structure, Kevin expects a decrease in bitcoin dominance, a measure that measures the market value of the BTC for the entire encryption sector: “All the data I was analyzing tells me between March -June QT will end.
It indicates that inflation will need a “rise” of the Federal Reserve to continue QT, a scenario seen as unlikely his research.
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Referring to the similarities between the current market conditions and 2019, Kevin also explores a somewhat unconventional approach – technical analysis (TA) on the public budget of the Federal Reserve itself: “If we look at the total assets that the American Federal Reserve maintains […] We can see that, like 2019, we are approaching the 2W 200 EMA, 2W RSI and LMACD test in the same place it was before the Federal Reserve ended. “
It is expected that the levels of public budget will reflect the conditions of 2019 during the next 126 days – as they reach the Federal Reserve Policy meeting in June, or the presentation or two weeks. If the total assets of the Federal Reserve hit this threshold, he believes it will confirm the timing he was defending.
While Kevin refers to the broader Altcoin market, Dogecoin, in particular, has features in his strategic outlook. Last week, he stressed the importance of the basics of the market in general and location in the plans when it comes to buying Doug: “If #BTC holds with macro economic data and monetary policy, it will only be an opportunity to participate in this level to buy a relatively cheap Dogecoin. There are many factors in playing and a lot of work to do.
At the time of the press, Dogecoin was traded at $ 0.17.
Distinctive image created with Dall.e, Chart from TradingView.com
