Alt Coins have a long way up
If we take a fib line from top to bottom, we have not cleared the 0.236 level.
The yellow dotted line is the weekly close on the july 2021, which will have some resistance.
A close above this line will be extremely bullish for an alt coin season
Bitcoin is already sitting at the 0.382 level, and i would think that the alt coins want to catch up.
As it stands, the 3 day is overbought on the rsi, but it looks like we are going to have a strong close at the end of today - im hoping that it closes above the dotted line
Last cycle we didnt manage to close above the 0.236 level on the first attempt, and fought for 2 weeks to get above.
After that, it REALLY was alt season
The yellow dotted line is the weekly close on the july 2021, which will have some resistance.
A close above this line will be extremely bullish for an alt coin season
Bitcoin is already sitting at the 0.382 level, and i would think that the alt coins want to catch up.
As it stands, the 3 day is overbought on the rsi, but it looks like we are going to have a strong close at the end of today - im hoping that it closes above the dotted line
Last cycle we didnt manage to close above the 0.236 level on the first attempt, and fought for 2 weeks to get above.
After that, it REALLY was alt season