CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Using EW for Alt.D is probably pushing it a bit, but I think it fits the narrative of the market as a whole IF BTC price moves as I think. If we are to believe that BTC will hit blow past beyond previous ATH and way beyond before the halvening next May, it is hard and almost impossible to think that Alt/BTC pairs will do well once BTC gets out of current correction and starts to really take off. At the same time, too many alts have bled too much and for too long and BTC.D seems to be topping off while BTC itself seems to be correcting, which sets us up for a alt season. BUT I see this more of an opportunity to exit all alts until BTC finishes its price discovery above 20k. This give us about 1~3months at tops for alts to pump and for people to take profit or cut losses and move into BTC to maximize profit. To be fair, If BTC moons to 40k, I don't see any of the major alts making lower lows on Alt/USD pairs, but that would just mean less gains comparative to BTC. My current target for ETH is 800~850 in the next year or so, and that actually coincides with BTC hitting numbers beyond 40k while ETH/BTC pair bleeds out to .02 area which will complete its descending triangle pattern that has been forming for the past 2 years. By completing the descending triangle pattern, it would mirror the BTC move, where 3k came very quickly once 6k broke and again broke above 6k in a swift fashion. These are all very long term predictions and all depends on where BTC will be before May 2020, but if we are to be bullish in Crypto overall, I don't see why I should see it any other way.

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