A contrarian take—altcoin season could still be on track, and the script hasn’t been broken.
🔥 Left chart:
Before the past 2 altcoin seasons, the market touched the trendline (light blue) and consolidated at the lows.
🔥 Right chart:
Over the past two days,
BTCUSDT saw a sharp drop, yet altcoins (
OTHERS.D) gained against BTC for two consecutive days, showing a decoupling from BTC’s price action.
One key characteristic of altcoin season is when altcoins rally withBTC but don’t drop when BTC falls.
What do you think?
Leave a comment!
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🔥 Left chart:
Before the past 2 altcoin seasons, the market touched the trendline (light blue) and consolidated at the lows.
🔥 Right chart:
Over the past two days,
BTCUSDT saw a sharp drop, yet altcoins (OTHERS.D) gained against BTC for two consecutive days, showing a decoupling from BTC’s price action.One key characteristic of altcoin season is when altcoins rally with
BTC but don’t drop when BTC falls.What do you think?
Leave a comment!
🔴 Read my signature & publications for more info you don’t want to miss.
🔥 [Follow me] for more future "guesses" like this!
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[Follow me] to see my 'guesses' on future scripts of various cryptos.
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Disclaimer
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.
🔴 Get 20% Off Every Spot Trading Fee on Bitge: lihi2.com/5tNHE
[Follow me] to see my 'guesses' on future scripts of various cryptos.
[Follow me] to see my 'guesses' on future scripts of various cryptos.
Related publications
Disclaimer
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.