Hello everyone, it has been a long time since I didn't post any new chart. Here is one. I thinking we should see an ALT-SEASON soon.
All the bears are looking at the red zone which is 2 or 3% upside us. I know all the BTC maximalist should see a BTC straight up again to 90% dominance but I find it technically unlikely.
All the informations for the monthly time-frame are on the chart. So let's see at lower time-frames :
We are currently at a Green Weekly 9, which should imply at least a 1 to 4 weeks of correction (due to the monthly chart it will probably be more).
Daily and 3D RSI and MACD are forming an improbable number of bearish divergences.
Under my chart you can see one of my special indicator which is calling for a massive correction. It shows massive overbought territory.
In other words: ALT-SEASON is ready (or nearly ready) to BEGIN.
AS always YOU trade at your OWN risk. I can't be responsible for your loss. I'm not a financial advisor, I'm doing it for my personal trading and entertainment.
If you find this topic interesting, please show me your support and press the like button, comment, share and follow.
Have a nice week everyone.
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New update on BTC :
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Chart is working well.
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Perfect trade is achieve soon.
Trade closed: target reached
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BTC dominance goes from 72 to 61. Now i expect a consolidation so i close the chart.
hi. i've a question, not clear about this chart means.
i know that you expect btc under 2k long time ago (i also) but if btc drops, i expect alts also drop. i compare them based on usd, btcusd vs altsusd. if btc goes to 2k, can xrp goes to 1$ ? what i am missing here?
KassandrA_dotcom
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@kisacafb, I should close this chart. We stop the alt season at 61 instead of 59.35. IF Btc go under 2K i think pretty much all alts will be decimate.
SatomiZa
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Thanks for sharing!!!!
It seems a good chart.
which is your special indicator, @ComeTcrypto ?
Bullandbeartrading
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Neat description !
Anu_Atrahasis
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So by comparing graphs... You expect a corrective wave in BTC to the 5K level?
KassandrA_dotcom
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@Anu_Atrahasis, Not necessarily, in this chart I only expect Alts to decouple from BTC again. Drop-less or explode higher.
Anu_Atrahasis
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@ComeTcrypto, Great thank you so much for you time.
What about a BTC TA.. Any idea?
Zenter
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Thanks, what are your favorite ALTS?
KassandrA_dotcom
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@Zenter, XTZ (Tezos), Chainlink, XRP looks the more interesting and promising for me now, regarding price action, technology and adoption. As always ETH and LTC remain strong (and would I say safe ?) projects. I'm not saying it's the best alts, just my subjective choice :).