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9 782
Too many questions around #Altseason!
Will there be one? What are the chances?
Historically, every bull market has ended with an altseason, but this cycle feels different. However, one key observation stood out today—BTC dominance.
Looking back at the 2020-21 bull run, most major altcoin pumps happened after BTC dominance had peaked. Interestingly, this time around, BTC dominance has yet to top out and continues its upward trend.
So, does this mean an altseason is still on the horizon? The probability remains fair.
When? That’s the real question—one that I’m still trying to figure out!
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2W Timeframe MACD Histogram on $BTC
We can clearly see that Previous Cycle Vs Current Cycle has similarities in terms of bearish divergence formation confirming/ indicating that the Top may be in for #Bitcoin
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As I had mentioned, Many have started talking about the targets which I first mentioned. 😃
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We need a big liquidation candle to convincingly say that bottom is in!
We do not have it yet!
$BTC
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$TAI #TAIUSDT
Technically, expecting a nice bounce from current levels; about 150% move to the next resistance marked in red!📈
80% correction since the highs and now price has tapped major support zone. Also, there is a confluence of the diagonal trend-line which is being retested. Multiple confluences here👌
Reclaim the red zone and we can expect new ATH😎
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By the way, confirmation will come when the monthly closes bearish; as retest and rejection will get confirmed. For now, it’s a probability!
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$BTC
Well, on monthly this looks like a rejection from trendline!
Looks extremely bearish!
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Why market dumped despite President Donald J. Trump signing an Executive Order to establish a Strategic Bitcoin Reserve?
Well, this makes it clear that the SBR will only contain coins that were forfeited as part of criminal or civil asset forfeiture proceedings.
Government will not acquire additional assets for the U.S. Digital Asset Stockpile beyond those obtained through forfeiture proceedings.
Market was anticipating additional Bitcoin acquisition after SBR which this order rejects.
Hence, this is extremely negative news for #Bitcoin overall.
https://t.co/d9MJlgUjZd
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Haters didn’t believe me when I first shared this chart on $BTC
Look where we have reached already!
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$SOL trying to form a base here with nice 4h bullish divergence in oversold region.
I would like to see a market structure break for any engagement.
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This scenario is becoming reality! You will see many will start talking about it and the targets which I anticipated in Jan’25 will be all over Twitter and Telegram accounts.
I shared this on Twitter in January.
$BTC
https://x.com/YoCrypto/status/1876880689653538899
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$ETH still looks amazing, bullish and strong.
A strong $ETH is still good for $alts
I do not think we can have an altseason without Ethereum blasting up!
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$SUI
Looks great here!
🔸Bullish Divergence on Stoch RSI ✅
🔸Weekly FVG mitigated ✅
🔸After that monster candle on 3rd Feb, pullback to golden fib zone and then bounce! ✅
If not now, then when?
IYKYK
