The dominance chart for BTC indicates that the alt season is on and imminent on many coins, this in conjunction with the ETH Berlin Fork and BTC correcting to 54k, means that alts can see a huge surge.
The diagonal line is the support for 2018 which means that alts are likely to go above and beyond their value in satoshis. support lines are where we should see the inversion of the general trend if it keeps pushing downwards.
Although many coins haven't started pumping yet, an inversion of the trend is already visible on the daily timeframe for the RSI and MACD throughout the altcoin spectrum, However this is crypto, and a sudden pull from BTC can also cause a significant amount of loss in value and a strong correction throughout the spectrum.
Trade safely.
#BTC #ALTSEASON #NOTYET #whenthemusicsoverturnoffthelights
The diagonal line is the support for 2018 which means that alts are likely to go above and beyond their value in satoshis. support lines are where we should see the inversion of the general trend if it keeps pushing downwards.
Although many coins haven't started pumping yet, an inversion of the trend is already visible on the daily timeframe for the RSI and MACD throughout the altcoin spectrum, However this is crypto, and a sudden pull from BTC can also cause a significant amount of loss in value and a strong correction throughout the spectrum.
Trade safely.
#BTC #ALTSEASON #NOTYET #whenthemusicsoverturnoffthelights