Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
Let's get straight to the chart. BTC dominance started falling from the 48.6 level (the circle) we called the alt season at that time. Many altcoins already went 4x to even 10x.
The question here is, is it over already?
I will keep this simple for you...
If we hold this 41.8k level by this weekly close we can expect some bounce which will give us some opportunities to buy Altcoins at cheap prices. Any close below the red line leads to alt season
Lower support is at 39.03 and 36.33 levels.
I am. holding my altcoins on spot for now.
What's your thought on this?
Do you think this correction is over? Do you think ALTCOINS could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
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