Many people are waiting for the growth of altcoins, which does not happen in any way.
Judging by the dominance, we are drawing a rather interesting and very working formation - 3 vertices or 3 drive patterns.
Also, if we use classical technical analysis, then the dominance in the area of 57%-58% has a large level of resistance, which should meet us with a pullback.
I add all this with a weekly histogram, which always accurately indicates the upcoming reversal.
The only thing is that after carefully studying the charts of altcoins, dominance and Bitcoin in past cycles, I saw that altcoins did not grow at all.
In other words, there was no altseason at all, until Bitcoin updated its historical high.
Thus, it makes no sense to expect some wild altseason, it simply won't be given.
But potentially, altcoins can still grow a little, waiting.
Judging by the dominance, we are drawing a rather interesting and very working formation - 3 vertices or 3 drive patterns.
Also, if we use classical technical analysis, then the dominance in the area of 57%-58% has a large level of resistance, which should meet us with a pullback.
I add all this with a weekly histogram, which always accurately indicates the upcoming reversal.
The only thing is that after carefully studying the charts of altcoins, dominance and Bitcoin in past cycles, I saw that altcoins did not grow at all.
In other words, there was no altseason at all, until Bitcoin updated its historical high.
Thus, it makes no sense to expect some wild altseason, it simply won't be given.
But potentially, altcoins can still grow a little, waiting.
Either the altseason or a big drop in altcoins.
As you can see, both dominance charts confirm this.