SAME ACCOUNT DIFFERENT LOOK!
Investor & trader | 10+ years in markets | BTC, macro & market structure,Charts, setups & observations
BTC CLASS OF 2015
not FA
$BTC weekly has held 60k twice now and this bounce has a bit more intent to it. Possible double bottom developing, but it still has to clear the 99 EMA.
Funny how quickly the August crowd vanishes on one heavy red daily. $XRP is back under the short averages, sitting on the 99 and the old breakout shelf. A close through the 99 reopens the summer range.
After ripping higher in August, $XRP has faded all the way back to the old horizontal it smashed through on the way up. This retest either sticks or the impulse gets completely unwound.
OTHERS.D/BTC.D has been getting lapped by $BTC for years. Still coiled near the monthly lows, bands tight, 99 falling. Relative weakness slowing, not reversing.
Wouldn't call it alt season. Would call it a proper coil after years of $BTC having its way. Tight, quiet, sitting on the lows. People will notice this later.