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.
No way new liquidity is given if we are 1 year down trend