BTC.D Getting Rejected at the Trend Line Gives ALTS Hope After the Trump Pump delivered massive gains on a lot of coins since election day, it's not surprising to see some huge retracements. In fact the vast majority of ALTS have given back more than 40% with many in the 50% - 60% range. That capitulation means opportunities are coming. The question is whether or not we will get a legit Alt Season or if the Trump Pump was it.
Due to institutional demand and the ever changing dynamics in the crypto market we may not see BTC.D fall to the 40% - 45% levels, but failure to reclaim the 60% range after a rejection from the trend line may be an indication that we could get another crack at a legit Alt Season.
Keeping an eye on BTC.D and a select group of Alts to see how things develop from here.
