#AltcoinBreakout Will BTC overshadow Altcoin and the entire market?

Yes, after reviewing a few charts today, the picture is still somewhat unclear. But considering the large number of Long positions open in the market, it is highly likely that we will witness a significant price drop in the coming hours.

Here are the reasons:

1. The correlation heatmap shows Altcoin is diverging from BTC — and as I mentioned before, this is often a warning sign that high volatility is about to occur.

2. The Altcoin Season Index is rising. This is generally very good for altcoins, but BTC does not like that and often "pulls the bear's shoulder". I am not saying this is the end — I don’t think so.

3. The Alpha Quant Signal has just issued a sell signal — which we anticipated due to bearish divergence and selling pressure from some whales.

I do not believe this is the final price drop, but it could be a sign that the market is about to form a new price base. So, be careful of potential traps that may arise along the way.

#AltcoinBreakout