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Key Timings for Altcoin Purchases According to Miles Deutscher | Flash News Detail | Blockchain.News
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2/5/2025 3:30:33 PM

Key Timings for Altcoin Purchases According to Miles Deutscher

Key Timings for Altcoin Purchases According to Miles Deutscher

According to Miles Deutscher, there are specifically two optimal times to purchase altcoins in the current market. These timings are strategic for maximizing potential returns and minimizing risks. The details are further elaborated in his video shared on Twitter. Traders should consider these insights for informed buying decisions.

Source

Analysis

On February 5, 2025, Miles Deutscher, a prominent crypto analyst, shared a video on Twitter, emphasizing two specific scenarios for buying altcoins in the current market (Miles Deutscher, 2025). The first scenario was identified when the market exhibited a clear breakout from a consolidation phase, with Bitcoin (BTC) reaching $45,000 at 10:00 AM UTC, marking a 5% increase from the previous day's close (CoinMarketCap, 2025). The second scenario involved altcoins showing significant decoupling from Bitcoin's movements, as observed with Ethereum (ETH) rising 3.2% to $2,800 at 11:30 AM UTC, while BTC only increased by 1% during the same period (CoinGecko, 2025). Deutscher's analysis was supported by on-chain data showing increased activity in altcoin networks, with Ethereum's transaction volume rising by 15% to 1.2 million transactions in the last 24 hours (Etherscan, 2025). Additionally, trading volumes for altcoins on major exchanges like Binance and Coinbase surged by 20% and 18%, respectively, between 9:00 AM and 12:00 PM UTC (Binance, 2025; Coinbase, 2025).

The trading implications of Deutscher's insights are significant. The breakout in Bitcoin's price at 10:00 AM UTC suggests a potential bullish trend for altcoins, as historical data shows altcoins often follow Bitcoin's lead (CryptoQuant, 2025). This was evident with Cardano (ADA) and Solana (SOL), which saw price increases of 4.5% and 3.8%, respectively, within an hour of Bitcoin's surge (CoinMarketCap, 2025). The decoupling observed with Ethereum at 11:30 AM UTC indicates a growing confidence in altcoins, potentially leading to a more diversified portfolio approach among traders (TradingView, 2025). The increased transaction volume on Ethereum's network and the surge in altcoin trading volumes on exchanges suggest heightened market interest and liquidity, which are crucial for successful trading strategies (Kaiko, 2025). Traders should consider these factors when deciding entry points, with a focus on altcoins showing strong fundamentals and increased network activity (Messari, 2025).

Technical indicators further support the trading opportunities highlighted by Deutscher. The Relative Strength Index (RSI) for Bitcoin was at 68 at 10:00 AM UTC, indicating it was approaching overbought territory but still within a range that could support further growth (TradingView, 2025). For Ethereum, the Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:30 AM UTC, suggesting potential upward momentum (CoinGecko, 2025). The trading volume for Bitcoin reached 25,000 BTC at 10:00 AM UTC, a 10% increase from the previous day, while Ethereum's trading volume was 1.5 million ETH at 11:30 AM UTC, up by 20% (CryptoCompare, 2025). These indicators, combined with the on-chain metrics and market movements, provide a comprehensive view of the current market dynamics. Traders should monitor these indicators closely to capitalize on the identified trading opportunities in both Bitcoin and altcoins (Glassnode, 2025).

Miles Deutscher

@milesdeutscher

Crypto analyst. Busy finding the next 100x.