I believe we are near the top of this BTC bull run. I believe we are finishing up wave 5 of wave 5 in an ending diagonal pattern. We will be in a correction for the next few months and I believe we will see a triangle correction for the B wave of the ABC and give the Alts a chance to catch up before BTC finishes correction.
Commentaire:
We ended up hitting the golden zone at 13800 and we may try to break it as well but I believe we are out of steam for now. I would also raise the buy zone for the leg down to around mid 8k range. BTC dominance is on a rampage and I don't see it going up much higher, so the profits from BTC should start to spill over to alts and should decouple the alts price movement from BTC for a short while. I don't see this alt season lasting more than 1~3 months before a correction, but we should be able to see plenty of 2~5x gains on some of these over bled alts.