PrinceM

Passionate about NFT’s and Crypto!

[GeoMetric @GeoMetric_9]

The Altseason Taboo

Yes, probably the single most trigger-inducing word in crypto right now, one that nowadays sounds more like a myth or fantasy.

But if you allow me to define "altseason" technically using my momentum line on the $OTHERS / $BTC 2W chart, and call it an altseason when this chart trades above the momentum line, then it is crystal clear that we have not had one since 2021.

In fact, any developing runs came to a grinding halt exactly at the momentum line. Even the run prior to the October 10th liquidations ended exactly at the 1W momentum line.

What we have been noting for a while, though, is the formation of a macro accumulation range, marked by the first monthly Remora beam print. This has since been further validated by OTHERS/BTC forming a sideways consolidation range going back to March last year. We have even seen a classic "flush" of the range on October 10th.

At the moment, it has finally escaped the macro accumulation range, broken out of the downtrend line going back to 2022, and is currently sitting at the momentum line after wicking above it last week.

Considering how taboo the word has become, let's just say that, using the momentum line as a point of reference, a close above it would give us the first orange bar since 2021 and probably the first confirmation of the onset of an altcoin season, however long or short lived it may be....

[PrinceM @RoPrince93]

@AshCrypto @grok is this true?

[PrinceM @RoPrince93]

@pubity @grok can you confirm this?

[PrinceM @RoPrince93]

@benjamincowen @grok please explain

[PrinceM @RoPrince93]

@plx12024 @coinbureau @grok what has coinbase to do with this?

[PrinceM @RoPrince93]

@benjamincowen @grok explain this

[PrinceM @RoPrince93]

@AshCrypto @grok is this true? Did something happened?

[PrinceM @RoPrince93]

@grok @TWinarto84 @Matt_Pinner @grok why not 5111108?

[PrinceM @RoPrince93]

This principal has his own way of making kids feel happy at school 🥹❤️ https://t.co/0NXv3TTKGw via @YouTube

[PrinceM @RoPrince93]

@QuintenFrancois @_checkonchain @grok please explain

[PrinceM @RoPrince93]

@HNTbandit @MilkRoad @grok please explain what is in the picture and what are the connections?

[PrinceM @RoPrince93]

@coinbureau @grok explain what impact does this mean?

[PrinceM @RoPrince93]

@coinbureau @grok please explain what does this imply?

[PrinceM @RoPrince93]

@AuraWithCat Wrap

[PrinceM @RoPrince93]

@gunsnrosesgirl3 Salami

[PrinceM @RoPrince93]

@UGOOOTWEETS @grok is this true?

[PrinceM @RoPrince93]

@coinbureau @grok what means dovish in this post?

[PrinceM @RoPrince93]

@grok @kingman4real @rovercrc @grok where can I see the options that expire? Are they publicly available?

[PrinceM @RoPrince93]

@grok @kingman4real @rovercrc @grok please explain further. What means that they expire. What can we expect? What type of volatility ?

[PrinceM @RoPrince93]

@robertgrecuu În ignoranța legată de depresie și terapeuți. Și de oamenii care au nevoie de asta și le e frică să se ducă acolo că sunt judecați de oameni ca tine.