ALT SEASON still in progress
Hello all after quite long time of choppy mess in the market. This is not financial idea i am posting this just for educational purposes. Always do your own research.
What we can see here is altcoins dominance ratio. If increasing, alts are going up. On this chart - monthly - there is a retest of very strong resistance which flipped in to support... once this support is confirmed by touch of current monthly candle - we can continue much higher for the real alt season. This level MUST hold. This chart means very nice clue what we can expect from the market. As there is a summer market can be lazy a bit but as u already know... anything can happen in crypto world.
Most of alts in BTC pairs are setting up for huge moves upside. BTC is going sideways and i dont think it can go lower because it took already a long time.... which is more like re-accumulation part. Let's see what whales have prepared for us.
Stay safe, stay happy and if you need any help about trades, market, whatever....i am here. Cheers!
What we can see here is altcoins dominance ratio. If increasing, alts are going up. On this chart - monthly - there is a retest of very strong resistance which flipped in to support... once this support is confirmed by touch of current monthly candle - we can continue much higher for the real alt season. This level MUST hold. This chart means very nice clue what we can expect from the market. As there is a summer market can be lazy a bit but as u already know... anything can happen in crypto world.
Most of alts in BTC pairs are setting up for huge moves upside. BTC is going sideways and i dont think it can go lower because it took already a long time.... which is more like re-accumulation part. Let's see what whales have prepared for us.
Stay safe, stay happy and if you need any help about trades, market, whatever....i am here. Cheers!
Comment:
Next month can be green as it is drawn on the charts - that would mean very nice gains in alts... lets see... still 21 days to go :)