BTC.D Chart Idea - ALT Season Coming?
BTC.D already broken the rising wedge in May/June this year and now retested strong weekly resistance at 57.17% in the first week of Aug this year when global markets went down. IMO, it was a capitulation event for this year before the next big leg up in all assets. A lot of people are concerned and asking about the ALT season this bull market. I believe this market is doing the same as it did back in the previous cycles. Once the BTC.D starts going down, you will see crazy pumps 50-100x pumps in low caps, 10-20x in mid caps, and 4-5x in higher cap coins. IMO, we will see the ALT season very soon and it can start as early as the first of week of Sept or can even further take 3-4 week, but we are just right there. Hang on to your coins guys if you had bought in the bear market.
NOT A FINANCIAL ADVICE. DYOR!
NOT A FINANCIAL ADVICE. DYOR!
Note
It's time for this to go down. We already started seeing ALTs flying even without BTC.D going down. Just imagine, the crazy 25x, 50x and 100x gains in ALTs for next 3-6 months when this will take a fall. Will keep it updated !!
Not a financial advice !!
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