Hello from Germany, where investor confidence plummets on the Iran war. An expectations index by the ZEW institute decreased to -0.5 in March from 58.3 in Feb. That’s below all estimates in a Bloomberg survey, which had foreseen a reading of 39.2. It is the least since Donald
Alt/BTC hasn't looked this bullish in 5+ years.
● Breakout from its 4 years of downtrend
● 3 consecutive months of bullish MACD
● Monthly RSI breakout and retest
This is exactly what happened in Q2 2020, which led to the biggest AltSeason.
Energy stocks are leading the market again, yet many investors still think this is just a short-term trend.
It’s not.
Here is an important reminder:
Most oil companies are generating free cash flow near historical highs with WTI above $80.
This likely marks the early stages