BTC Parabolic + Alts in Capitulation x Media Attention = AltSZN
Month or two alt season seems the likely prediction. ALT/BTC pairs look like death, which is normally the time to buy and chase dopamine (+10%er's a day).
Note
Learning from this, short was on point but alts seem to need more of a slow consolidation to go beastmode.Note
so whats up with alts huh goys? me thinks with this move down from bitcoin alt/btc pairs might actually get fried so july 14 might be around the bottom for alts for the rest of this cycle.Note
AltSzn never really came? Alts still extremely correlated with bitcoin, so bottom for alts probably comes over the next week or so.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.