Is Alts Season over?

Unfortunately Alts has not been doing big moves over the past weeks (except for very few) and in the recent week all Alts are bleeding badly. So is the Alt Season over?

I see we are at a very critical turning point where Alts Market Cap (excluding Bitcoin) is flirting with the 50 Days Moving Average. If we have a closing Day Candle below the 50D MA then I’d call the Alts Season over. Otherwise, Alts Season is still on IMO.

What do you think? Have a different point of view? Feel free to share it.

Trade active:

Here we are six days later and BTC failed to stay above the 50D EMA and has just closed a candle below it. And BTC.D continues to drop slowly which is very healthy for the Alts.

Alt Season is on, everybody… enjoy the green gains!

Trade closed: target reached:

We could be witnessing a reversal from here as BTC.D increases