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MasterOfNone
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The short-term dominance of
#BITCOIN
is waning. An ideal chance to convert $BTC to altcoins. đĽ°
#ALTSEASON
#MEME
#DEFI
#GAMEFI
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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IT'S ALTCOIN SEASON! No one will argue that #bitcoin remains an important statistic for assessing the overall state of the cryptocurrency market. However, according to blockchaincenter's index, it is #altcoin season. The index indicates a percentage of 78. This signal plainly indicates that Bitcoin's supremacy is waning, and the long-awaited Altcoin season is finally here. #Gamefi $MBOX $AXS $SHIB #bnb #eth
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$BTC CUP & HANDLE PATTERN #BITCOIN appears to be developing a cup and handle pattern, but is still invalid. A simple pattern, yet quite useful to all traders.
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Following a vast increase in $BTC since last year, it is time for a breather. We'll have to wait a bit for #Bitcoin to regain momentum, but it is evident that support will stay strong. This time, Altseason will ascend. Focusing on it is my best option for the time being, as we wait for further #BTC momentum. #ALTSEASON
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â ď¸â ď¸ ALTSEASON IS COMING! â ď¸â ď¸ Since the year began, #bitcoin has been rising, garnering interest due to the announcement of the Bitcoin Spot ETF's acceptance. Nevertheless, a clear "head and shoulders" reversal pattern can now be seen on the daily chart of Bitcoin Dominance. What are the ramifications of this? Given that the #ETF was approved and that Bitcoin has increased by 200% in the last year, it is wise to expect a cooling-off period during which time significant investors will be able to reallocate their capital. There will soon be a shift of capital towards alternative assets, which will increase interest in cryptocurrencies. A decrease is expected as the dominance breaks the neckline, indicating the start of the much awaited altseason. The best course of action at this moment is to return your attention to cryptocurrencies and carefully analyse your spot holdings, averaging if necessary. Should you possess assets such as SOL that have experienced substantial growth, you may wish to think about realising a profit. Additionally, look into tokens with valuable usage but no noticeable movements as of yet. #gamefi #altseason
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As we can see, whether there is an #ETF or not, Bitcoin remains #Bitcoin. The good thing about this ETF is that others have become aware of it. But will this influence the community's support? Yes, it will, but the majority of people will become more mature about it. #BTC
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