Why I think ALT season will hit in Q1 2021 !!!
The blue trendline speaks for itself, we are facing strong resistance at 72.40.
It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after.
So the invalidation for ALT season is breaking above 72.40.
BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?!
- The most crucial support is currently locating at 58ish,
- Testing and possibly Losing that one will be the peak of ALT season, and we should expect BTC.D to retrace from the pink area.
Make sure to share your ideas with me and everyone who sees this in the comment section below, and hit that like button ;)
It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after.
So the invalidation for ALT season is breaking above 72.40.
BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?!
- The most crucial support is currently locating at 58ish,
- Testing and possibly Losing that one will be the peak of ALT season, and we should expect BTC.D to retrace from the pink area.
Make sure to share your ideas with me and everyone who sees this in the comment section below, and hit that like button ;)