Is Alt season cancelled? We saw Bitcoin dominance fall in the month of July and that gave altcoins a nice relief rally. Now we are heading into August and we can see a bit of a correction begin to to take place. Is this going to cancel alt season all together or will this just be an August market correction that sets the stage for an alt season in q4? In this video we will take a look at the alt season index, we will take a look at Bitcoin dominance as well as the price action of Ethereum (which holds it’s throne as “King of the Alts” This video is NOT financial advice and is for entertainment and educational purposes only. Always do your own research before speculating with alt coins.
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Kiel Wilson is neither an investment advisory service nor a financial advisor. Trading has large potential risk, you must be aware of the risks and be willing to accept them. Do not trade with money you can not afford to lose. Data and information provided through the Kiel Wilson’s channel & videos is solely for entertainment and informational purposes. Nothing in this channel or videos and the information provided in it should be construed as a recommendation to buy or sell Stocks, Futures, Indices, Forex, Cryptocurrencies, or Commodities. Investing in Cryptocurrency, Bitcoin, or tokens is highly speculative and the market is largely unregulated – therefore anyone considering it should be prepared to lose their entire investment. CFD’s, Futures, & Derivatives are complex instruments and come with a high risk of losing money rapidly. Futures, stocks and options trading involves substantial risk of loss and is not suitable for every person. Most retail investor accounts lose money when trading these instruments. It’s up to you to do your won research and decide whether you understand how these work and whether you can afford to take the high risk of losing your money. Trade at your own risk, Invest at your own risk and understand that these videos are simply for entertainment purposes only.
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