A key indicator for the more significant Alt Season to begin is when ETH manages to climb above the 0.33 level.
We can see on this chart that there is a rising broadening wedge forming with a 5 point Elliot Wave count to start the move. I have marked the potential price target and also the date range that we can expect to see the ratio of 0.53 to 0.57 (dates between 06th May and 16th July) which would make sense to previous summer Bull Runs where Bitcoin consolidates for many months whilst the Alt coins steal the show.
Another thing to keep an eye on is the Bitcoin Dominance which when that breaks below 58%, hold on to your seats and enjoy the crazy ride!!
Good Luck people but always remember, anything can happen!
We can see on this chart that there is a rising broadening wedge forming with a 5 point Elliot Wave count to start the move. I have marked the potential price target and also the date range that we can expect to see the ratio of 0.53 to 0.57 (dates between 06th May and 16th July) which would make sense to previous summer Bull Runs where Bitcoin consolidates for many months whilst the Alt coins steal the show.
Another thing to keep an eye on is the Bitcoin Dominance which when that breaks below 58%, hold on to your seats and enjoy the crazy ride!!
Good Luck people but always remember, anything can happen!