The idea is simple: for altcoin season to begin, ETH/BTC will have to break out of this downards channel. While it may seem to have bottomed out, we may see more negative action in September before a reversal.
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Disclaimer
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.