The last time bitcoin was in that ichimoku daily support cloud, alt season happened.
April 26th-may 10th.
Bitcoin is posting bullish divergences on daily timeframes right now. 3 different oscillators.
Alt coins are starting to post bullish divergences on 4 hour and 8 hour. So... alt coins might be putting up daily divergences at the weekly close in about 9 hours.
I think it's very very likely we have an alt season for the next 15 days or so. I don't think bitcoin will go over that 50k area... and I don't think it has to for alt season to go nuts.
I'm looking for which alt-coins i want to play with right now.
Doge is at 20 cents right now. I could see it coming up to 60 cents. Matic is at 1.13. I could see it coming up to 2.40. Eth is at 3k. I could see 4600 again.
Maybe even new alltime highs for the alt-coins. I don't know how stupid this has the potential to get to. As embarrassing as it is to say it, i'm considering dogecoin right now over every other coin. As stupid as doge is, the stupid people really like it.
@ClearOpenDoor in 2017... altcoins peaked when bitcoin made the D of a gartley.
I think it's possible bitcoin runs up to 57/59k from where we are right now. if that happens... altcoins peak then. At the D.
I could see doge 10x'ing or more if this is the D leg of the gartley.
ClearOpenDoor
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@chataylo, It's possible! Doge has led the pack for alt seasons.
I'm just showing how much of a bubble that coin is already in. Retail finally piled in when it got to .60-.70 expecting it to go to $1.00 in the short term. I dont know who is left to buy at these levels without retracing to .04 or .01 first. But maybe Doge will continue to be full of surprises.
ClearOpenDoor
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@chataylo, That's a good plan for the gartley scenario. I'm waiting for one more leg down early October, it's hard to say if temporary bottom is in or if we make slightly lower low and bounce at 39k, bounce at strong support around 37k or get a breakout below and hopefully that would just be a fakeout before the next leg of the gartley truly starts. We'll see.
Dogarithmic scale
Seems legit