ALTPARTY
Do you Want to know when ALT SEASON ends?!?! 💣I believe we have ALT SEASON until Bitcoin Dominance bounces we have between the support and resistance on the chart..
BTC power was high until BTC.D reached around 73% so it's now a resistance level and BTC will need to break this level to go back online on full power, until then Alt Coins has the control on our profits.. We see some good support around 60%. If this level is broken, I think the Alt Season is over..
So, stay chill and enjoy your alts in the time that BTC.D is bouncing in this area..
This is my first try for drawing art charts I learned it from @drewby4321, I give you the link below if you're interested in chart art.. I'm sure I need a lot more practice on this!! haha..
This is my idea on Alt Season, I'll be glad too see yours..
zec will break the descending trendline one way or another!Using fib extension targets are 80.5 and 85.5 and +++. Of course you need to keep an eye on BTC before opening any position on altcoins. I think green scenario has a higher chance (it leads to a beautiful inverse head and shoulders). I have buy orders at 64.5 and also 58.5 (futures is a bit risky now, so I will stick to spot trading! Cheers!
ps: yellow boxes are monthly and weekly pivots!
WHEN ALTPARTY?This is the chart 2016-2017 bull run for BTC and LTC. White area chart is represents LTC price and candle chart is BTC.
As you see BTC broke its ATH and backtest then LTC started to rally in march of 2017.
We can expect same situation here. After BTC brake its ATH and drop for backtest then ALTPARTY starts...
Until then i will stay with my BTCs...
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