BTC + BTCDOM + ETHBTC = Best strategy to analyze or forecast the upcoming Alt season.
Why do I think ALT season is just around the corner?
1. Higher Low is being formed by ETHBTC(Orange line) after support being found at 0.06 sats.
2. At the same time, BTCDOM(Blue) has formed a Lower High which can be considered to confirm as we are about to witness an Alts party!
3. BTC has formed a consolidation area i.e. 54k to 57k. So, the stable the BTC gets stable that hard ALTS gonna blossom.
4. BTC will grow along with the Alts esp. ETH. There are higher chance to see BTC touching 60k resistance.
Thank you!
Why do I think ALT season is just around the corner?
1. Higher Low is being formed by ETHBTC(Orange line) after support being found at 0.06 sats.
2. At the same time, BTCDOM(Blue) has formed a Lower High which can be considered to confirm as we are about to witness an Alts party!
3. BTC has formed a consolidation area i.e. 54k to 57k. So, the stable the BTC gets stable that hard ALTS gonna blossom.
4. BTC will grow along with the Alts esp. ETH. There are higher chance to see BTC touching 60k resistance.
Thank you!