Is that room for an altseason I see? by jrcornel

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· @jrcornel ·
$8.35
Is that room for an altseason I see?
# Bitcoin didn't break out, yet, leaving room for an altseason...

Do you see it?

If you look closely at a chart of bitcoin over the past several years you will see that it is in a giant triangle pattern.

With lower highs and higher lows the entire way...

Check it out:

![image.png](https://cdn.steemitimages.com/DQmfFezSaBtcBAWEye9yeFbZt2pKmYqftvMMSWwsdwY3Wzr/image.png)

(Source: https://twitter.com/paddystash/status/1259514113086107651)

As time goes on, we get closer and closer to a resolution of that triangle pattern.

Which direction it breaks ultimately will determine which direction bitcoin trends next.

Given that we just went through a halving event, the odds on favorite is a break to the upside and a substantial move higher.

# In the near term we may be seeing a Goldilocks period for altcoins...

The conditions for an altseason have to be just right.

Not too much bullishness or bearishness from bitcoin, but something right in the middle.

Something like sideways range bound action might be just what the doctor ordered.

If that is indeed the case, and we do experience that in the coming weeks for bitcoin, we have all the right ingredients to see STEEM and altcoins to rather well.

What do you think? 

Do we have the making of a Goldilocks market for altcoins?

Stay informed my friends.

-Doc
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