Altseason Won’t Start While You're Still Holding Altcoins!
Hello, Skyrexians!
It’s time for a reality check — and yes, we’re back to discussing Bitcoin dominance, our favorite hot topic. I’m seeing a wave of euphoria again, with many shouting that altseason has begun. Let me be clear: It hasn’t. And the main reason? Too many people are still holding altcoins.
I’ve said it many times before — altseason won’t truly start until the crowd lets go of their alts. Sell them off, and then we’ll talk.
Now, let’s break it down with Elliott Wave analysis. As I’ve explained previously, Wave 4 completed right at the 0.38 Fibonacci retracement, confirmed by the Awesome Oscillator crossing the zero line. That means it’s time for Wave 5, with a target of 67% BTC dominance.
Only after we reach that target and see a clear double divergence can we expect liquidity to shift from Bitcoin into altcoins. Until then, don’t get your hopes up.
The next two weeks are going to be brutal for altcoin holders. Don’t say I didn’t warn you.
Best regards,
Ivan Skyrexio
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