Altseason very soon
While bitcoin has been taking liquidity from altcoins as a fuel since the reversal a bottom in USD pairings of leading altcoins such as ETH/USD has been found. Interestingly most strong support for ALT/BTC is close to being found as well. Taking in account the negative correlation ETH/BTC has had over the past days a bottom can be found with BTC reaching the next strong support of 8800-9000. This will lead to a reversal in the ETH pairing and a start of a new Alt season.
I'm expecting to range between the 7800-9000 while liquidity is given to altcoins.
I'm expecting to range between the 7800-9000 while liquidity is given to altcoins.
Note
This didn't make any sense looking back :(No way new liquidity is given if we are 1 year down trend
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.