Freedonia

Resistance line to be broken so that Alt season can begin

Long
BITTREX:XEMBTC   NEM / Bitcoin
This XEM chart tells us when Alt season can begin. If we watch it carefully, whenever has been tested as support and held, Alt season begun. When tested as resistance and couldn't be broke, all Alts fell heavily. Bitcoin runs the show and its near term price action will dictate if Altcoins would be a good trade. If Bitcoin price wwill range for several weeks in the actual level, it could give Alts a chance to breath. So pay attention to the following resistance line and be ready.

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