Bitcoin / TetherUSUpdated MINI ALT SEASON - Correlate the charts in this idea
Most required charts are here. Little explanation in this idea. Do correlate on your own.
First and foremost, There are two ways to accumulate BTC. One is by trading the BTC/FIAT markets. Other is by pumping alts.
Start with global financial markets indexes. If these markets are being liquidated, that money finds another market which is at the start of uptrend
Now lets come to BTC dominance.
Here is the bare ETH/BTC chart
Do some TA on ETH/BTC. It says we need a correction for the downtrend.
Take a look at BTC's Bigger picture
A more closer look. BTC's high volatility will be followed by a period of low volatility.
Now take a look at ETH/USD and LTC/USD charts. They are about to finish their wave 2 and about to start accumulation for wave 3.
My conclusion : We are going to have a mini alt season which is a correction to the downtrend of these alts. Wild alt season comes only when BTC reaches new ATH.
First and foremost, There are two ways to accumulate BTC. One is by trading the BTC/FIAT markets. Other is by pumping alts.
Start with global financial markets indexes. If these markets are being liquidated, that money finds another market which is at the start of uptrend
Now lets come to BTC dominance.
Here is the bare ETH/BTC chart
Do some TA on ETH/BTC. It says we need a correction for the downtrend.
Take a look at BTC's Bigger picture
A more closer look. BTC's high volatility will be followed by a period of low volatility.
Now take a look at ETH/USD and LTC/USD charts. They are about to finish their wave 2 and about to start accumulation for wave 3.
My conclusion : We are going to have a mini alt season which is a correction to the downtrend of these alts. Wild alt season comes only when BTC reaches new ATH.
Note
More realistic wave counts for ETHUSD and LTCUSD charts - 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.