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BITCOIN starting a mega rally. See when alts will follow.

Long
CRYPTO:BTCUSD   Bitcoin
Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks.

Technically alts make that 2nd major Higher Low on their Cycle and rebound when BTC investors take some profits and direct a certain portion of capital to the riskier but more generous in terms of returns, altcoin market.

So if you're wondering what to do next, be bullish on BTC and as the new rally extends, start taking profits towards August and make sure you're invested in alts. The lower their dominance is by then, the better.

Do you agree with this approach? Feel free to let us know in the comments section below!

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