An update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season.
I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that.
A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'.
For those of you that look at other charts besides Bitcoin , this chart looks exactly like the DOW and the S&P , both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market.
My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall.
From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it.
I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin .
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
Binance Sign-Up: www.binance.com/en/markets?ref=173299...
As always do your own research, I am not a financial advisor.
I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that.
A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'.
For those of you that look at other charts besides Bitcoin , this chart looks exactly like the DOW and the S&P , both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market.
My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall.
From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it.
I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin .
NEW Trading Group: t.me/easylootgroup
NEW Signal Group: t.me/easylootsignals
Binance Sign-Up: www.binance.com/en/markets?ref=173299...
As always do your own research, I am not a financial advisor.
