Hello Traders! 🐺
In this idea, I want to warn you about what’s coming in the market over the next couple of months.
I’ve talked about Altcoin Season many times before, but this time—it’s your final chance to get in and enjoy the ride! 🚀
But why am I saying this? Let’s break it down! 👇🔥
As you can see in the chart, we’ve had three Altcoin Seasons so far.
Each time RSI hit the upward resistance line, we saw a top in the BTC.D chart—and here’s the interesting part:
👉 This time, we’ve reached resistance on both the RSI and BTC.D charts!
👉 Plus, there’s a bearish divergence on the weekly chart.
In my opinion, this is a massive bearish signal for BTC.D and an extremely bullish setup for Altcoins! 🚀🔥
Also, the Fear & Greed Index is currently around 15! 📉
In my opinion, this level is typically seen at bear market lows, not during a bull market. However, here’s the key point:
👉 Altcoins are already in a bear market, while BTC itself is in a bull market. This is completely normal and explains why BTC.D is sitting around 62%!
I hope you found this idea valuable! Don’t forget to like and follow for more insights. 🚀🔥
🐺 KIU_COIN 🐺