BTC Dominance hinting an alt season is near
BTC D. is used to calculate the % of BTC market cap has in the overall crypto market.
We can see the broken rising wedge that restested TWICE. And formed a double top.
Now the next move for the market is that BTC let ALTS breathe.
In theory, the move down of the dominance would be calculated by the lenght of the wedge's base. This would bring us
to 40% D.
However, i dont think it will go that deep, even if i wish. But lets say that its time. A lot of big caps alts are not even 1/4 of
what they where last BTC ATH.
May take 2-3 weeks to take full action and go on for at least a month up until the end of march 21.
We can see the broken rising wedge that restested TWICE. And formed a double top.
Now the next move for the market is that BTC let ALTS breathe.
In theory, the move down of the dominance would be calculated by the lenght of the wedge's base. This would bring us
to 40% D.
However, i dont think it will go that deep, even if i wish. But lets say that its time. A lot of big caps alts are not even 1/4 of
what they where last BTC ATH.
May take 2-3 weeks to take full action and go on for at least a month up until the end of march 21.
Comment:
The ALT market suffered today but the overall idea is still working. I adjusted the pattern....
Comment:
The adjustment suggest another pump by BTC and BTCD going a little higher. But the suffering shall end soon for alts traders!
Comment:
You SHALL NOT PASS!!!
