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koryu
Apr 17, 2024 3:52 PM

last dip before huge alt season Long

Crypto Total Market Cap Excluding BTC and ETH, $CRYPTOCAP

Description

People have been capitulating on alts and strong hands have bought them up on spot. Leverage got wiped out.
We see TOTAL3 hitting the weekly ma20 with a hidden bullish divergence on rsi, and retesting the rsi neckline. There will not be many of these opportunities to load up spot on a weekly bull market correction.
I think this is the last dip before a huge alt season can begin that will melt faces.

Comment

still the same, many alts are too low already, they dont dump with btc together anymore
Comments
IvanLabrie
LFG!
mikroland
exciting!
TereMius
don't you think a lot of liquidity will be drawn to btc when it starts pumping again before alt season comes? i think btc move eventually could be pretty violent, so maybe just a bit more pain for alts
koryu
@TereMius, i think once btc goes to a new high, it confirms the ath breakout and alts will catch up to their aths. its how it happened in previous bubbles.
mikroland
@koryu exactly
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