ETHUSD - Green Signal for Alt Season
Greeting,
Update on Dec 8, 2024 - Our analysis was 100% accurate about alt season as a lot of the alts have grown significantly over the last 24 hours. Since ETH's move up, it has been consolidating and giving room for other alts to grow.
Idea Published On Dec 7, 2024 - While the whole crypto market has been led by BTC so far, ETH seems to be indicating that Alt Season is approaching if not here already.
BTC created the bullish wedge pattern which a lot of the major alt coins replicated along with ETH as show on the chart. As BTC broke above that pattern, so did the alts. BTC has been consolidating currently and that has historically been the period when alt coins start to grow.
ETH's move up indicates that very notion that the funds are now flowing in alts as BTC takes a breather before the next jump. This is a healthy sign since alt coins are usually where we find opportunity of multiple X growths. Our Gems Series is presenting all those opportunities to our followers. Let's hope we all make good returns in this bull cycle.
Yesterday we published this and another idea where we had shared link for of some other platforms where we are present which was against TradingView's house rules therefore both the ideas got banned. Please make sure that you do not make the same mistake.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Update on Dec 8, 2024 - Our analysis was 100% accurate about alt season as a lot of the alts have grown significantly over the last 24 hours. Since ETH's move up, it has been consolidating and giving room for other alts to grow.
Idea Published On Dec 7, 2024 - While the whole crypto market has been led by BTC so far, ETH seems to be indicating that Alt Season is approaching if not here already.
BTC created the bullish wedge pattern which a lot of the major alt coins replicated along with ETH as show on the chart. As BTC broke above that pattern, so did the alts. BTC has been consolidating currently and that has historically been the period when alt coins start to grow.
ETH's move up indicates that very notion that the funds are now flowing in alts as BTC takes a breather before the next jump. This is a healthy sign since alt coins are usually where we find opportunity of multiple X growths. Our Gems Series is presenting all those opportunities to our followers. Let's hope we all make good returns in this bull cycle.
Yesterday we published this and another idea where we had shared link for of some other platforms where we are present which was against TradingView's house rules therefore both the ideas got banned. Please make sure that you do not make the same mistake.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
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