Alts have been getting destroyed during this Bitcoin consolidation period of over 3 months now. 11 straight weeks red on the Heiken Ashi chart. All is not lost tho. We are sitting on a rising support line with the next higher high above us at 120% away! The gold support line drawn goes back to the beginning of the major bull run and even acted as resistance during the 90% drop bear market. The developing candle on the 1W chart will give us an idea of what is to come.
This is what we want to see this week.