The Order Blocks may indicate that the often canceled Altcoin-Season could be imminent
USDC.D dominance is struggling to break through the crucial Order Block in Chart 1 between 3.7%-4% to the downside
If the breakout to the downside happens, nothing should hinder the Altcoin-Season 🙏
There is usually an inverse relationship between USDT dominance and altcoins. If the dominance falls, crypto degens exchange their stable token for altcoins and their prices rise
Another positive sign is that
ETH relative to 
BTC in ETHBTC chart faces two significant Order Blocks around the 0.03 and 0.025 ranges from 2021
If one of them holds and should an upward reversal occur here,ETH could lead altcoins upward as in past cycles
USDC.D dominance is struggling to break through the crucial Order Block in Chart 1 between 3.7%-4% to the downsideIf the breakout to the downside happens, nothing should hinder the Altcoin-Season 🙏
There is usually an inverse relationship between USDT dominance and altcoins. If the dominance falls, crypto degens exchange their stable token for altcoins and their prices rise
Another positive sign is that
ETH relative to BTC in ETHBTC chart faces two significant Order Blocks around the 0.03 and 0.025 ranges from 2021If one of them holds and should an upward reversal occur here,
ETH could lead altcoins upward as in past cycles
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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.
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.