- Bitcoin tops out
- Then consolidates in a range
- Meanwhile Alts wake up, go parabolic after each bounce from the support
Last cycle, Ethereum doubled while BTC was just ranging sideways
Altcoins went full degen mode
Right now, BTC looks like it's entering that same top chop zone again.
So we may now see a pull back across the board - Then the real fun begins
Scenario i'm closely watching rn:
- BTC ranges or does a fakeout
- Alts Bleed → Base → Bounce
- September-October Altcoin madness
The quiet phase is when positions are built
🔥Follow for updates if this plays out🚀
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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.