Basic idea for the formula: high volume alts vs the BTC buying power of USD. When the chart is bullish, we're in an altcoin season. When it's bearish, better to have your money in Bitcoin or USD (which one depends on BTCUSD conditions).
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Looks like the geomean of the three coins (ADA/DASH/XEM) has sunk to a potential accumulation range, but I still think there's plenty of time before we see another altcoin run. In fact, you could call this accumulation range premature -- maybe they still need to sink to potential early November levels when the EMAs first crossed.
Personally, I'd be looking for a Tenkan/Kijun cross on the Ichimoku Cloud -- or a bullish EMA cross.
* * *
Looks like the geomean of the three coins (ADA/DASH/XEM) has sunk to a potential accumulation range, but I still think there's plenty of time before we see another altcoin run. In fact, you could call this accumulation range premature -- maybe they still need to sink to potential early November levels when the EMAs first crossed.
Personally, I'd be looking for a Tenkan/Kijun cross on the Ichimoku Cloud -- or a bullish EMA cross.
Trade ist aktiv:
Busted out of the accumulation zone. Target: .382 fib level.