Do not disount Altseason - YET !! Short

Market Cap BTC Dominance, %CRYPTOCAP

Description

⋅ May 1, 2022 9:53 PM

Bitcoin dominance is in a descending triangle for 12 months now.

It has touched the base three times now.

In most of the cases the breakout is bearish.

The PO of such pattern would be a dominance at around 25 - 27 %.

Do not discount an Altseason yet.

Comments

RichardMilk

⋅ May 1, 2022 11:59 PM

this is alt season lol

jdo85

⋅ May 2, 2022 2:56 AM

@Smith1108 lol? then you have never seen an altseason

RichardMilk

⋅ May 2, 2022 3:17 AM

@jdo85, yes I have. There are 200x as many Alt coins as there was back in the last rally. BTC Dom is in the same location it was during the last alt coin season. TOTAL 2 has rallied exponentially. Just saying the alt coin season that was is no more how it used to be.

Dangermousebanana

⋅ May 2, 2022 4:17 AM

@Smith1108, thanks for commenting. Charts are quite clear and suggest further dominance erosion down the road (on balance of probabilities). All the best to you.

Alpha_54321

⋅ May 1, 2022 10:00 PM

Agree , thanks

Dangermousebanana

⋅ May 1, 2022 10:14 PM

@Alpha_54321, thanks for commenting.