Altcoin season vs bitcoin season
Comparing ALTPERP with BTCPERP gives a somewhat similar chart as the BTC.D chart. At daily timeframes, it seems as if altcoins have botomed against their BTC pairing (looking at momentum and strength indicators). I am expecting a small altcoin season as of right now that will last till early (4-9th) November. After that, Bitcoin will surge and make a blow-off top, resulting in a large altcoin outbreak that is suggested by this symmetrical triangle.
NFA
NFA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.