Alt season is coming in the coming weeks
Hey everyone,
Here, there are three charts in the weekly time frame. 1) BTC 2)BTC.D 3) ETH.D +BTC.D
As we know ETH and BTC already reached a full Fib on their market cap and so many altcoins (mainly new ones) had a massive gain.
As we are starting a new macro upward trend and alongside that in Stoch RSI we can clearly observe that we are expecting the going up. On the other side, with the BTC and BTC+ETH dominance we are experiencing maximum Stoch RSI, and in the coming weeks I will expect less excitement/cool off from them.
What does it mean ? - It means we will see the Alts will outperform the top cryptos that are reached their max potential and market rotation will happen once the market starts to move with BTC. Currently, Total 2 and Total 3 are still trying to catch the momentum.
Here, there are three charts in the weekly time frame. 1) BTC 2)BTC.D 3) ETH.D +BTC.D
As we know ETH and BTC already reached a full Fib on their market cap and so many altcoins (mainly new ones) had a massive gain.
As we are starting a new macro upward trend and alongside that in Stoch RSI we can clearly observe that we are expecting the going up. On the other side, with the BTC and BTC+ETH dominance we are experiencing maximum Stoch RSI, and in the coming weeks I will expect less excitement/cool off from them.
What does it mean ? - It means we will see the Alts will outperform the top cryptos that are reached their max potential and market rotation will happen once the market starts to move with BTC. Currently, Total 2 and Total 3 are still trying to catch the momentum.
Mehran
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