We are in a triangle, which probably means we are in wave IV.
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Break or fake break
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ETH created a higher high. This is a buying opportunity and can mark the beginning of the altcoin season.
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At BTC dominance we lack to fall below the invalidation level. Then we can talk 100% about the altcoin season.
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ETH USD is similar to dominance in a mirror image
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Extremely critical point. Be very careful until we are over $ 290, we are still in the bear market. We have a bearish divergence on the 4h chart. This is the moment when retail believes we are in a bullrun.
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We have overcome the invalidation level. If the 4h candle closes and on the Daily chart over $ 290 we are in the altcoin season. Don't take risks and set a stop loss. Until it's closed weekly and monthly, it's still uncertain.