{"id":10083,"date":"2019-11-12T11:18:42","date_gmt":"2019-11-12T11:18:42","guid":{"rendered":"https:\/\/tradingshot.com\/?p=10083"},"modified":"2023-04-26T11:23:29","modified_gmt":"2023-04-26T11:23:29","slug":"is-this-a-sign-that-the-alt-season-has-started","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2019\/11\/12\/is-this-a-sign-that-the-alt-season-has-started\/","title":{"rendered":"Is this a sign that the ALT SEASON has started?"},"content":{"rendered":"

 <\/p>\n

I will keep things very simple this time in my attempt to determine if we have started a new Bulls Cycle on the Alt Coins.<\/p>\n

On this chart I compare Bitcoin to Alts Dominance.<\/p>\n

It seems quite obvious to me that when a certain patterns form both on BTC and ALTS at the same time, a new Alt Season starts. What are those? For Bitcoin you may treat the formation as a Triangle. For the Alts a Cup or Inverse H&S, whatever suits your eye better. The point is that when those take place at the same time, the Alt market booms (exception maybe the April 2015 minor rise).<\/p>\n

As for the current candle action more particularly, we see that the alt dominance has already broken above its 3 month Resistance and is outside the Cup. If the 2015 – 2016 pattern replicates itself then I am expecting Alt Dominance to reach the late March\/ early April 2019 levels at least before a new pull back.<\/p>\n

Would you consider those patterns as viable indicators of an Alt Season? Let me know in the comments section!<\/strong><\/p>\n

Please like, subscribe and share your ideas and charts with the community!<\/p>\n

 <\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/iyy9sJ23-Is-this-a-sign-that-the-ALT-SEASON-has-started<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  I will keep things very simple this time in my attempt to determine if we have started a new Bulls Cycle on the Alt Coins. On this chart I compare Bitcoin to Alts Dominance. It seems quite obvious to me that when a certain patterns form both on BTC and ALTS at the same<\/p>\n","protected":false},"author":611,"featured_media":10084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-10083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=10083"}],"version-history":[{"count":4,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10083\/revisions"}],"predecessor-version":[{"id":10088,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10083\/revisions\/10088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/10084"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=10083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=10083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=10083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}