- The Alt Season is around the corner, I can see it on this chart! It’s not a question of if it will happen, but when it will happen.
- The lighting network is not supported by major exchanges because they don’t want it and it’s not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
- It’s really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
- We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this pattern very soon!
- As per my analysis, this structure is very and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
- ALT SEASON usually happens when the BTC .D goes down. It’s usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
- The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
- Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
BTC.D – The Alt Season is around the corner! Don’t miss it.
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.