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Alt-season

$altseason wave 4 retracement- mini alt season before a huge oneEW analsysis of BTC dominance shows that we should be in wave 4 of the last wave 5 of 5. It s synonym of mini alt season, it will be followed by a wave 5 where BTC will pump again against alts, then it will be the crash and a big one. The targets for the wave 4 are in red on the chart. I tend to think the first red line at the 23.6 retracement is the most probable as wave 3 has been in hyper extension, which is most of the time synonym of short wave 4. I would long alts now until the 1st target is reached. Happy trading beautiful people!
CRYPTOCAP:BTC.DLong
by absolutefreedom
BTC.D - Next wave of Altcoin season at fight or flightBitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season. BTC breaking out, above the triangle invalidates this idea. I think we will see an immediate drop in BTC dominance down to at least 59. Some alts will pump in this period while speculating traders take their bet. Upon reaching 59, the market will have a choice to make. Dipping below say 58.5 will break the triangle and we'll see a bloom in alt coins. If Bitcoin dominance breaks below 57 and especially below 56 we'll see alt coins bloom A LOT. ;) Good luck!
CRYPTOCAP:BTC.DShort
by jdharward
ALT SEASON OR BTC BULL RUN?They say people only see what they want to believe, that markets exist to make fools of the overly hopeful... Well, half of the crowd is calling for an alt season, and the other half for a new BTC all time high. IMO both groups are jumping the gun as we are still in a downtrend! In order for either to occur BTC needs to enter a sideways accumulation phase first. On the log 1D I see a clear uptrend & downtrend, based on which I can assume we will narrowly escape this downward spiral in mid-April and have ourselves an alt-season. Why not a BTC bull run? Simple - we can't start another BTC run-up until we consolidate, and historically we see that when BTC consolidates, alts flourish! BTC has yet to move sideways whereas many alts have been bottomed out for months already. Of course, neither alt nor BTC can flourish with the low volume we're having lately - we need a newfound public optimism in the cryptosphere to proceed. Furthermore, for 2018 to be the biggest year for crypto yet, we will need institutional money to enter as well, which we all know is waiting for the green light from regulators. With most of the FUD from this past quarter exhausted, & though its contradictory to my opening sentence, I feel HOPEFUL for the remainder of 2018 :). Just my thoughts, happy trading!
BITFINEX:BTCUSD
by AspiringPro
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