The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
When BTC goes up, alts dump.
When BTC goes down, alts dump.
When bitcoin does nothing is when alts have the legroom to thrive.
I will be attempting to buy the dip on BTC and enter relevant altcoin longs at the same time.
ENG RVN and XRP immediately come to mind as having high upside potential.
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