🔥 Altcoin Market Inverse Head & Shoulders: New Alt-Season? 🚨
The altcoin market, measured by TOTAL3 - the total altcoin marketcap, has been severely underperforming Bitcoin this year.
However, there might be coming an end to the seemingly endless suffering of alts in the coming months. The inverse head & shoulders pattern, which started to form over 1.5 years ago, has broken bullish.
Classically, inverse head & shoulders formations occur at market bottoms and signal the change of a long-term trend.
Can this be the bottom? Potentially yes! Bitcoin dominance is still on the rise, so BTC will likely outperform alts in the near future, but this will end somewhere next year - which will most likely kick off the new bull-season as well.
Exciting times for altcoin traders.
However, there might be coming an end to the seemingly endless suffering of alts in the coming months. The inverse head & shoulders pattern, which started to form over 1.5 years ago, has broken bullish.
Classically, inverse head & shoulders formations occur at market bottoms and signal the change of a long-term trend.
Can this be the bottom? Potentially yes! Bitcoin dominance is still on the rise, so BTC will likely outperform alts in the near future, but this will end somewhere next year - which will most likely kick off the new bull-season as well.
Exciting times for altcoin traders.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.