cerealpatterns

tetherus and litecoin making their rounds

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
alt season starts when btcusd goes sideways in a macro bull market, or near bear market reversals. if we get continuation of this downtrend it will lead to wyckoff accumulation in spot btc, and the dollar will probably lose as the stock market gains when that reversal occurs. all of this pushes tether and alts up vs btc and usd, and that should cause reversal in the btcusd downtrend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.