Is It Really Alt Season?

We have many alts currently seeing brief weekly consolidation and trying to set higher lows that would qualify as bull flags looking for continuation. Bulls need to see BTC.D confirm the weekly down trend to solidify the shift into the alt space.

The more alts like LINK that see continuation to higher highs, the higher probability others will follow.

Of course the direction BTCUSD breaks its tightening daily range is going to have some implications, but as of right now the weekly consolidation in most major alts is still very healthy bigger picture, considering the size of the run up.