TAOUSD BIttensor Analysis: Monthly and Weekly
Bittensor was a request in the Group Chat I figure I'd tackle
As you know, I dabbled in some alts and if it wasn't for how strong ONDO as done for me I would be once again regretting my decision around alts
Altcoins are so much a swing and a miss for me, but when I hit, I tend to find the best of a bull run
Last bull market examples I got in on PEPE extremely early and then called that insane FET run due to the emergence of AI at the time
Alts have kind of done nothing since, but I've made a couple calls that they would during the same timeframe. At one point I gave up, and that was smart because that's when we had that October 10 bloodbath
Since then though I have mostly avoided alts until recently and it was ONDO, LTC, and LINK
TAO is very popular so I get the request. But at the moment it looks like mostly sideways consolidation still
The monthly RSI looks pretty good and the ADX is rising but needs to get above 20. The +DI is though so that's good
The weekly chart looks mostly directionless. Above $350 and a SuperTrend buy we might see some sparks of a bull run, however
Overall it almost looks like alts need one more low just like BTC