Trading Fam,
We have many signs that altcoin season is almost upon us. Solana is breaking important resistance. Eth is nearing its target (both of these posts can be found below). But the most important indicator imo can be found on our BTC.D chart. Dominance has now reached an important support. I was kind of expecting a bounce here. And it still could bounce. But if it doesn't, then I feel like I can officially state that we will be in altcoin season for the rest of the year. Here's what you should be watching. If the body of that daily candle closes below our support today and then a new one opens and also closes below the support, its a wrap.
Let's go!
✌️Stew
We have many signs that altcoin season is almost upon us. Solana is breaking important resistance. Eth is nearing its target (both of these posts can be found below). But the most important indicator imo can be found on our BTC.D chart. Dominance has now reached an important support. I was kind of expecting a bounce here. And it still could bounce. But if it doesn't, then I feel like I can officially state that we will be in altcoin season for the rest of the year. Here's what you should be watching. If the body of that daily candle closes below our support today and then a new one opens and also closes below the support, its a wrap.
Let's go!
✌️Stew
Note
If that break above doesn’t confirm right away, we could be looking at a bit of a pullback in the altcoins space before more continuation up. The BTC.D support here should break to let you know when that upward momentum in the altcoins space will continue.
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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Related publications
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
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.