Is ALT season coming upon us?
Hi All,
Here are some points to make this case. I have chosen LINK as a means to demonstrate what took place last time and where LINK and its BTC pairing is at the moment.
Looking at the charts, many of the ALTs seem to be creating a bottom formation against BTC and some are already breaking out.
Is it reminiscent of the 10K level where BTC took 4 weeks or so to break that key level and similarly BTC will do the same here for the 20K level.
While BTC ranges and reduced volatility, the ALTs start bottoming out and gain momentum?
Look at my LINK.BTC pairing on the weekly.
BTC Dominance chart seems to show a BEAR FLAG in the making.
What do you think, makes a good case?
Please give me a like or tick for this post.
Regards,
S.SAri
Here are some points to make this case. I have chosen LINK as a means to demonstrate what took place last time and where LINK and its BTC pairing is at the moment.
Looking at the charts, many of the ALTs seem to be creating a bottom formation against BTC and some are already breaking out.
Is it reminiscent of the 10K level where BTC took 4 weeks or so to break that key level and similarly BTC will do the same here for the 20K level.
While BTC ranges and reduced volatility, the ALTs start bottoming out and gain momentum?
Look at my LINK.BTC pairing on the weekly.
BTC Dominance chart seems to show a BEAR FLAG in the making.
What do you think, makes a good case?
Please give me a like or tick for this post.
Regards,
S.SAri
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This community has signals now but with no risk management comms.
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This community has signals now but with no risk management comms.
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