What's Happening with Bitcoin and Ethereum?

Bitcoin has been holding strong in the $109-$110k range for week. This is a good indicator that it has staying power. But it has been resistant to peak above that $114K mark.

Ethereum
In contracts to Bitcoin which has been holding steady, Ethereum has been absorbing a massive inflow of investments with major accumulation zones forming around $4,300-$4,500. Unlike Bitcoin that seems to be stuck in a rut. Ethereum is trendy upwards and the RSI is still favorable. This tells us that Ethereum will continue the rise.

Altcoins to Follow Ethereum

As Bitcoin peaks and starts to pull back and Ethereum rises, Altcoins aren't far behind. They haven't exploded yet, but they are still holding strong. This is typical behavior to see ahead of alt season. The altcoin market cap is holding abot $1.6T, which is strong, historically speaking. This resilience even in the midst of BTC sell-off signals what's to come.

What Does This Actually Mean?

• The major players aren't panic-selling. They are actually rotating their investments which is a huge difference than a sell off.
• The heathy Ethereum is a great precursor for the rest of the altcoin market
• The alcoin season is coming soon but it's not here yet. Stay patient. Positioning into a strong position while there is retail fear is always wise.

What Will I be Doing?

I'm watching for Bitcoin to hit the $114-$115 range and for Ethereum to hit the $4,300-$4,500 range. If/when Bitcoin stabilizes and Ethereum confirms that, we can expect money to flow down the risk curve into other major coins.

Here is some advice to follow closely...

Altseason doesn't arrive with fireworks and fanfare. It creeps in slowly when most people aren't paying attention. The market is speaking right now and it's telling us that altseason is likely around the corner.