In my previous idea, I had a bias towards BTC.D going up but was willing to change my opinion if one of these two happens between:
1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish .
Well as luck would have it, both 1 and 2 happened so I have been scaling into alts slowly over the last few weeks. This is a breakdown of a triangle so I expect trend to continue. Alts INCLUDING ETH trade at Bitcoin's mercy so alts will only outperform BTC if BTC remains on a slow uptrend/sideways. A good sign of strength over the last two weeks is that alt/btc pairs have looked strong despite the BTC move to the upside.
I expect alt season to end when BTC starts making new all time highs. Will scale out of alts when that occurs.
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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.