Bitcoin and Ethereum finally broke out of the downtrend with some clean higher highs. Volume is still low, though, so we'll probably see some sideways chop before another strong move kicks in.
The next short-term targets for BTC and ETH are $120,000 and $4,000 respectively.
According to my analysis, BTC Dominance will see a huge fall over the next months. It has finally broken its daily trendline, which is bullish for altcoin holders.
Now is the time to invest in some altcoins. It's finally time for the long awaited Altseason. Don't miss it.
It feels like everyone has completely forgotten about $DOGE, the king of memes.
Right now, it's forming the same pattern it printed back in 2016 before it went absolutely parabolic. It's holding its support levels with surprising strength.
Usually, traders would analyze the ETH/BTC chart. This time, I have decided to flip the switch and make it BTC/ETH chart.
Because of that, we can see how ETH is truly at the bottom and is ready to start regaining its strength against Bitcoin.
Not only has BTC/ETH broken out of its bearish trendline, but the RSI has also dropped below its MA support line, for the first time in 3 years.
The trendline breakdown and RSI falling below its MA, reminds me of the 2020's altseason. It seems like history is repeating itself again. Big time ahead for Ethereum and altcoins.