The Bitcoin Dominance looks like it wants to make a local low here , compared to the previous one it would be a Higher low and potential massive reversal to the upside can happen from this point.
1st Scenario (higher probability) BTC.D will break above 43,40% and thus confirm the higher low , which will lead to Altcoins bleeding versus their bitcoin pairing as up to 55% on a macro scale.
2nd Scenario (lower probability) BTC.D will break the 41,30% and thus Invalidate the local low , which will lead to Altcoins gains versus their bitcoin pairing (Mini-Alt season) , further down we have the BIG support around 40% , if the bitcoin dominance were able to break the 40% support a really Massive Altcoin season will occur.
P.S. Would like to hear your toughs and opinions in the comment section, Thanks.
1st Scenario (higher probability) BTC.D will break above 43,40% and thus confirm the higher low , which will lead to Altcoins bleeding versus their bitcoin pairing as up to 55% on a macro scale.
2nd Scenario (lower probability) BTC.D will break the 41,30% and thus Invalidate the local low , which will lead to Altcoins gains versus their bitcoin pairing (Mini-Alt season) , further down we have the BIG support around 40% , if the bitcoin dominance were able to break the 40% support a really Massive Altcoin season will occur.
P.S. Would like to hear your toughs and opinions in the comment section, Thanks.