Beginning of the altseason or the last shakeout?
Hello Traders 🐺,
In my last idea about BTC.D, I mentioned that this huge wick to the upside indicates that the BTC season is nearing its end, and we are now on the verge of entering the Altcoin season. But what makes me so confident about this?
As you can see in the chart above, we’re currently facing a strong weekly resistance at the 64% level, which has been a key point in the past. After the market’s most recent capitulation, we saw a massive dump in Altcoins, while BTC only corrected by 10%—a normal and expected move. But here’s the critical takeaway:
🔑 This means that Altcoins are now being traded at extremely undervalued levels.
So, why am I saying this with such confidence? Keep reading to find out why these levels present a major opportunity for the upcoming Altcoin season!
The Final Phase of BTC Season? The Big Altcoin Opportunity!
Currently, the chart is shaping something very similar to an ascending triangle—a pattern that’s typically bullish, especially when the overall trend for BTC.D is strong. But here’s the catch: a trend is our friend… until it ends!
🔥 And the key part? "Until it ends!" Yes, we are very close to that moment!
Why? The answer lies within the ALTCOIN/BTC charts. Right now, almost every single altcoin you can think of is down by a massive 90% from its all-time high against BTC! This is not just a number—it’s a huge signal that there’s barely any room left for altcoins to go lower compared to BTC.
All the pieces of the puzzle are falling into place, and they’re spelling out one clear message:
💡 BTC dominance is nearing its peak, and we are extremely close to the bottom for altcoins—if we’re not already there!
The real question is: Are you ready for what’s coming next? Stay sharp, stay informed, and make sure you don’t miss what could be the biggest opportunity of the cycle!
In my last idea about BTC.D, I mentioned that this huge wick to the upside indicates that the BTC season is nearing its end, and we are now on the verge of entering the Altcoin season. But what makes me so confident about this?
As you can see in the chart above, we’re currently facing a strong weekly resistance at the 64% level, which has been a key point in the past. After the market’s most recent capitulation, we saw a massive dump in Altcoins, while BTC only corrected by 10%—a normal and expected move. But here’s the critical takeaway:
🔑 This means that Altcoins are now being traded at extremely undervalued levels.
So, why am I saying this with such confidence? Keep reading to find out why these levels present a major opportunity for the upcoming Altcoin season!
The Final Phase of BTC Season? The Big Altcoin Opportunity!
Currently, the chart is shaping something very similar to an ascending triangle—a pattern that’s typically bullish, especially when the overall trend for BTC.D is strong. But here’s the catch: a trend is our friend… until it ends!
🔥 And the key part? "Until it ends!" Yes, we are very close to that moment!
Why? The answer lies within the ALTCOIN/BTC charts. Right now, almost every single altcoin you can think of is down by a massive 90% from its all-time high against BTC! This is not just a number—it’s a huge signal that there’s barely any room left for altcoins to go lower compared to BTC.
All the pieces of the puzzle are falling into place, and they’re spelling out one clear message:
💡 BTC dominance is nearing its peak, and we are extremely close to the bottom for altcoins—if we’re not already there!
The real question is: Are you ready for what’s coming next? Stay sharp, stay informed, and make sure you don’t miss what could be the biggest opportunity of the cycle!
Trade attivo
We are breaking down as I predicted , this is the beginning of the ALTCOIN Season !
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.