Hello there, What do you think about the altcoin season in summer and autumn? And a lot of other positive news for crypto. Nevertheless this market is so speculative and unpredictable! maybe you could give me your piece of advice and share your opinion about a situation on the market?
Today's market conditions are still bullish, in other words altseason has not yet reached its peak, if based on technical analysis altseason will occur at the end of 2021.
many say that the current bull run is over, but I'm sure that the current bull run hasn't ended and altcoin party hasn't happened yet, the reason is that based on TA there is a last wave that Bitcoin must finish before the last bullish one, if you are in doubt, you can analyze Bitcoin chart at weekly TF uses Elliot Wave, and you'll find out what I mean.
News is just a game of market psychology, I don't really believe in the impact of news on chart conditions.