TOTAL3: alt seaon is coming soon
Updated
It looks like the MACD is about to cross on the 1W time frame, signaling the potential start of an altseason soon.
The chart speaks for itself.
The chart speaks for itself.
Note
This idea is still relevant, as forecasted in September, we had a nice Atcoin pump, and webroke out of the descending pattern.
The MACD is raising, the RSI is raising, so we are heading to a better time for altcoins.
Check this updated chart and you will see that it is probably a good time to accumulate or hodl.
Trade active
Another accurate projection.
Check this new updated chart. We are heading to 1T marketcap.
MACD on Weekly is having a bullish cross, RSI is average and have some room for progress.
The Altseason has started!
Trade closed: target reached
Here’s my final update on this chart before I create a fresh one.
The forecast was executed perfectly, so let’s review what’s happening now:
-
BTC remains bullish on the weekly timeframe, indicating we’re not yet ready for a major correction.
- While the MACD and RSI are overheated, and there’s a bearish divergence on the RSI, my analysis suggests we’re heading toward an $850 billion market cap before any significant pullback.
Supporting Details:
- TOTAL3 is consolidating in a flag formation, and a breakout could push us to $850 billion.
- The RSI has historically lingered in overbought territory during similar momentum phases.
- The MACD still has room to climb, potentially reaching the green line near 60B.
Outlook:
I anticipate a correction starting mid-December and lasting until mid-January. The altcoin season will then resume until May 2025.
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.