History Repeats: Death Cross Signals Altcoin Season Ahead !
Hello Traders 🐺
In this idea, I want to talk about the most probable scenario for BTC.D and Altcoins in the upcoming months, so make sure to read until the end — and don’t hesitate to share your thoughts in the comments below.
Let’s get started:
As you might know, one of the most important EMA combinations is between the 20 and 50 EMAs. When the smaller one (20) breaks above the bigger one (50), we call it a Golden Cross — a strong bullish signal, especially on higher timeframes. And of course, the opposite situation is called a Death Cross, which usually indicates a bearish reversal.
And what’s happening now?
Before the last Altcoin season, we had a clear Death Cross on the BTC.D chart, aligned with other bearish signals such as RSI reaching the overbought zone on the weekly timeframe, testing a monthly resistance line, and forming a bearish pattern below it. All of that led to one of the most memorable Altseasons we’ve ever had.
Right now, I believe we are seeing the exact same setup again:
Price reached the monthly resistance line.
RSI is once again in the overbought zone (monthly).
A bearish reversal is forming.
BTC.D is breaking below key levels and trading under a 3-year ascending channel.
And now… another Death Cross is on the horizon!
If we also get a rate cut in the upcoming month, this setup could trigger another massive Altcoin season — and more pain for BTC.D dominance.
I hope you enjoy this idea and as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
source https://www.tradingview.com/chart/BTC.D/wbalI7jC-History-Repeats-Death-Cross-Signals-Altcoin-Season-Ahead/
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