Alt season a bitcoin analysis
eth/btc and btc.d are great ratios to measure, but to fully enter an alt season a couple things have to happen
1] BTC can not go above 100k or else money will be pulled from alts to be put into btc
2] BTC can not close a daily candle below 89k or else money will be pulled from all markets due to fear.
3] BTC holds high value level at 95k region
BTC going past 100k means alts go down
BTC under 89k means alts go down
we hold 100k though, alt season is bound to start.
watch eth/btc for confirmation
1] BTC can not go above 100k or else money will be pulled from alts to be put into btc
2] BTC can not close a daily candle below 89k or else money will be pulled from all markets due to fear.
3] BTC holds high value level at 95k region
BTC going past 100k means alts go down
BTC under 89k means alts go down
we hold 100k though, alt season is bound to start.
watch eth/btc for confirmation
Note
watch red box for price to break up or down, if no break, stay in alts. Set your alerts. But right now, all eyes still on the corn Trade active
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