When will altcoin season start?
Of course, nobody knows exactly when altcoin season will start, but we can make a prediction by what we see on the charts.
I think we are getting closer and closer to an altcoin season.
We have an ICT unicorn model, a breaker that overlaps with an FVG. We hit the midpoint of the FVG and the 50% level of the range.
I don't trade with indicators and chart patterns, but they do seem to work on BTC.D
— The RSI is overbought and showing signs of weakness.
— The Stochastic RSI is also overbought.
— We are at the end of a bearish pattern, I am not sure what it's called because I don't trade them. But I am able to recognize them.
Bitcoin has been consolidating between 74k-53k for a few months. I think this is bullish because ''The bigger the base, the harder the rally''
Fundamentals:
The Ethereum ETF got accepted = Bullish for altcoins
USA Elections (with a Pro crypto president) = Bullish for Bitcoin and Altcoins
High probability of rate cuts= Bullish for Bitcoin and Altcoins
Big institutions like BlackRock buying the dip=Bullish for Crypto
Germany almost done selling all their bitcoin=Bullish for Crypto
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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.