🚨 Has the time for #Altcoins arrived, or is this another trap?
The macro chart for OTHERS/BTC (the total market excluding the top 10 cryptocurrencies, measured against Bitcoin) is at a historic inflection point. After years of downtrend, the price is finally trying to break above a key long-term resistance line.
Levels to watch: The ratio needs to consolidate the current zone as dynamic support. If it recovers and closes decisively above the immediate resistance zone, we could be witnessing the true beginning of the #ALTseason.
Do you think the rotation is finally starting, or will Bitcoin continue absorbing all the liquidity?
#MarketDownturn #altcoins #TechnicalAnalysis #CryptoInvesting
The macro chart for OTHERS/BTC (the total market excluding the top 10 cryptocurrencies, measured against Bitcoin) is at a historic inflection point. After years of downtrend, the price is finally trying to break above a key long-term resistance line.
Levels to watch: The ratio needs to consolidate the current zone as dynamic support. If it recovers and closes decisively above the immediate resistance zone, we could be witnessing the true beginning of the #ALTseason.
Do you think the rotation is finally starting, or will Bitcoin continue absorbing all the liquidity?
#MarketDownturn #altcoins #TechnicalAnalysis #CryptoInvesting
