is in bright red nothing is really pumping today unfortunately we know why Bitcoin King Bitcoin is the leader Bitcoin is currently dumping at the very moment we're going to be having a look at this Bitcoin technical analysis right here I do want to have a look at it actually on the 4H hour time frame we're also going to be having a look at V right here we're going to be having a look at this tweet and we're going to be having a look at the altcoin season index is an altcoin season imminent correction Bitcoin is
to find bottom in order for us to have an altcoin seasoned so once Bitcoin finds the bottom consolidates a little bit we could see more money flowing into uh altcoin so bottom line we need to see the Bitcoin dominance coming down and you guys can see right here the Bitcoin dominance is still slightly up you guys can see at sitting at 60% 59% maybe we're going to have a nice little slight rejection here I hope we we will but uh obviously we don't need to see Bitcoin coming down in order for us to see the
Bitcoin dominance but anyways having a look at Bitcoin first I do want to start off with Bitcoin because bitcoin's keying and you guys can see right here on the right side of my screen everything's dumping except for VR but in my opinion I'm very bullish on VR and V could make a massive move to the upside very soon but let's have a look right here at Bitcoin real quick ever since November 5th since Trump won we had the interest rate right here uh cut things started to pump again and ever since these exponential moving average
has pretty much been holding us as a support region now Bitcoin is falling down for the first time since November 5th so about 21 days from now or 21 days uh since the election I should say uh Bitcoin is obviously down and officially broken below these exponential moving average now obviously this is a bearish sign but uh because we are in a bull market in my opinion this is not going to last very long it's going to be very very short term so let's have a look at some of the support regions that we're looking
at for Bitcoin this is where I hope Bitcoin is going to maybe consolidate and find bottom I don't expect Bitcoin to essentially go up right away to $100,000 I'm hoping for a consolidation maybe a few weeks yes a few weeks consolidation to let money flow into the altcoin including V before we essentially take off and you guys can see right here if I actually pull off the regular stochastic RSI you guys can see the stochastic RSI are already consolidating but if I have a look at the regular RSI which is a relative strength index you
guys can see right here it has not yet bottomed out even though it's very very close but we know historically when we are really really oversold below 30 that's when things get really really serious so um in my opinion guys we're most likely going to consolidate if we have a look right here at the daily time frame obviously Bitcoin is um I mean the stock the regular RSI is obviously still pretty high we need to see the RSI at least come down to 50 maybe we're going to see some consolidation right here and that's about
it so that's that on bitcoin nothing too crazy hopefully uh you know V doesn't really cause that crazy of a dump I mean VR guys is up a lot uh you know since we broke above these exponential moving average so if I actually have a look at this pump we're looking at a 100% pump right here since uh obviously November 24th so you know that that's like 48 hours ago we pumped you know over 100% so you should expect some pullbacks and if you guys are following me on Twitter the link will be in the
description below guys uh VR approaching the EMA ribbon on the 4our time frame showing potential for a bound stochastic RSI is also oversold we're going to be talking about that as well nearing a bullish crossover so this was where I said that you guys can see right here we didn't really touch it and you guys can see right here we did have a nice little bounce to boun off the exponential moving average so far so things are looking pretty decent on that but I'm not yet bearish guys on onity and something I do want to
talk about also is these exponential moving average now the last time we saw a bullish crossover on eem ribon was actually right here it was the 20th of November that's when we saw this nice little distribution so we don't need to see um you know veracity coming down and crashing but we could potentially see a consolidation right here now if I actually take that and I add a support right here because this is a support right this resistance right here acting as a support now because that resistance flipped to support now if if we fall
below that then we might be in a little bit of a trouble but as of right now things are still looking okay for V you guys can see right here we keep on coming back retesting these exponential moving average we are at the support region stochastic RSI are looking pretty bullish as well hopefully we could have that nice little blue crossover over the orange right here on the stochastic RSI if we see that you could expect a very very you know momentum or move to the upside but as of right now stochastic RSI are coming
down they're getting settled a little bit um maybe we're going to see some sort of consolidation for the next 8 to 12 hours I know I know it's going to be very very Bor next 8 to 12 hours maybe even 24 hours we're going to have to see what happens but overall that's that and finally something that I do want to top off with guys is altcoin season is it altcoin season yet so I know a lot of people are saying yes it's altcoin season altcoins are pumping but it's actually not if we have a
look right here the altcoin season index is sitting right in the middle it's sitting at the 50 you know the the average right here okay so in order for us to have an altcoin season we need to be at 75 okay the the has to be at 75 right now currently sitting at 50 um obviously this below 50 is closer to the Bitcoin season above 50 it's closer to an altcoin season so right now we're literally deadlock in the middle and the interesting thing about this is that we have not seen uh the 50 average
since literally 2024 of April or April 2024 so it's been a long time uh you know in crypto the you know few months could be like five years not really but it's been a long time since we've been here and uh obviously April was not the best month for crypto unfortunately it was you know really really crash and pretty much that's about it so for those of you guys who don't know what the real definition of altcoin season if 75% of top 50 coins performed better than Bitcoin over the last season which is 90 days
because we know season is 90 days it is officially an altcoin season now we're going to have to see what happens here and if money more money could keep flowing into altcoins instead of Bitcoin and pretty much that's about it you guys can see right here altcoin year would be literally crazy altcoin month we're very very close to it you guys can see right here but altcoins month they do happen here and there I mean it's not too crazy but overall this is my video honestly there's nothing really too much to talk about right here
we're going to ask to see what happens with Bitcoin in the next few you know minutes hours and pretty much that's about it bitcoin's King if I were you guys and whether you're trading or you want to buy a dollar or you want a dollar cost average to veracity I would highly suggest looking at Bitcoin as your main indicator before anything else if you guys like this video don't forget to smash that subscribe button leave a like and I will see
