THREAD: Alt season & liquidity flows.

1. BTCUSD during altseason.

When $BTCUSD consolidates after an uptrend, alts often follow.
2. Identifying the start of a possible altseason.

Hence why we take a glance at $ETHBTC, if indeed, liquidity flows to alts.

If $ETHBTC breaks this level, it is confirmed that more liquidity is flowing towards alts than towards $BTCUSD.
3. The current state of $BTCUSD.

$BTCUSD reacts to the resistance level and an uptrend is broken, meaning, we'll probably be ranging for a while.
4. The current state of large cap alts.

We're at resistance. Meaning that if we break resistance, consolidation is over and we'll be trending again.

$ETHBTC shows Signs of Strenght (SOS) and forms accumulation patterns.
5. Some alts have popped.

$ADABTC for instance. It showed a textbook breakout.

More alts will follow as crypto is highly correlated.
6. Final note.

We never know a thing until it has happened.

I currently hold 0 bags. This thread is just a simple reminder to be prepared for bullish price action on alts.

Let me know if you've found some gems!
You can follow @TraderWojak.
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