High confluence on multiples indicators towards an alt season!

By FreedomBuilder | Trading The King of Crypto | 22 Aug 2024

- Just before the covid crash of 2020 and without counting the wick we have a dip -59% on OTHERS (top 125 of the CMC without the top 10) as now -59%!

- OTHERS in 1Week time frame consolidated around the EMA 50 and inside the Ichimuku cloud after the correction of -59% towards the end of 2019 to the beginning of 2020 and also in August 2023 to October 2023 before pumping, and I think it will be the case now too!

- OTHERS: https://www.tradingview.com/x/1IoadZM1/

- BTC.D in a saturated bullish trend and multiple bearish divergences.

- Very likely that US interest rates will drop in September with the return of Brrrr!

- It's been a year since August 2023 we reached a low point on the fear and greed as now!

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FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.

Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???