Winlouh chart is very clean: it clearly outlines a premium supply zone, an ascending corrective structure below it, and a projected strong downward move toward the 1.83325 liquidity level.
Let’s break it down.
Just like last cycle, this is playing out at the same key levels. I anticipate a further drop in the next couple months, peak euphoria for alts. If these next two months this goes up even more.
Bear market confirm but until this fails still hope for your alts.
Overall structure playing out
You just didn’t have to front run alts this cycle
Only few like sol,xrp.
As the market as a whole weakens and continues its macro distribution stage, we will likely get a short term alt-coin season. A similar scenario happened back in 2021 February when the market began topping and we got an ALT season before bear market officially started.
BTC dominance looks really weak and is on the cusp of flipping to the downside. We can also look at OTHERS.D to get a better picture of how alt coins are gaining strength.
