Dear Community,
Today, we bring you a sobering analysis as the likelihood of altseason being canceled is alarmingly high. The key chart, OTHERS.D, is on the verge of breaking a crucial trend continuation formation. If this breakdown occurs, altcoins could suffer an 80% decline in value.
Itโs no secret that, in this cycle, the majority of traders are heavily invested in altcoinsโyet only Bitcoin has been consistently pumping month after month.
Weekly Timeframe Analysis
Following the last altseason, the price has been forming a triangle-shaped Wave 4. While this wave is nearing completion, there are concerning signs. If this triangle breaks downward, the ABCDE pattern will fail, which could be disastrous for altcoinsโespecially considering that Bitcoin itself has a high probability of correction.
What Can Save Altcoin Holders?
The Bullish/Bearish Reversal Bar Indicator [Skyrexio] is our key signal. A green dot appearing would confirm the Wave 5 scenario (bullish outlook). Otherwise, altcoins could face a brutal downturn.
$BTC Stay cautious and trade wisely.
Best regards,
Aiarox Team
#BtcCryptoAlertz #altsesaon