BTC.D - The Alt Season is around the corner! Don't miss it.
- The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
- The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
- It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
- We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!
- As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
- ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
- The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
- Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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