This is what the charts seem to suggest, might coincide with a period of sideways action in BTCUSD, perhaps awakening once again by the end of 2020. I'm not keen on trading BTCUSD or large cap alts while they are sideways and choppy but many smaller coins have good setups. Please be careful with sizing and liquidity when trading altcoins. I'd suggest small position sizing and risk of 1% per trade max. Do your own due diligence there, I have a few setups that I reserve for my clients that I won't share here, but you can find them if you research enough. Most of the time it seems they rally before news catalysts are known, to then peak in a typical sell the news fashion, but at times they keep going into a larger trend, so it is a case per case thing.
Cheers,
Ivan Labrie.
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Dominance is close to the first target here, bu there's plenty of time left...Keep an eye on the target zone, it might bottom out there.
Trade closed: target reached
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Target hit, this might be bottoming.
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Looks like it did bottom.
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There you go...Alts peaked vs BTC. This should return to 66-69 at the very least.
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On track, bullish here. Likely will retest the cyan box and potentially break out and move up as per the dashed arrow.
I Like the analysis! Although I’m long crypto. I use Messari to locate my trades for alt coins. Generally things move with Bitcoin but there are gems in the small cap alt coins. I also just started a crypto business but in Canada advising on investing and trading . Shandordigital.com. I agree to bet small amounts. And definitely in. Crypto is very volatile. I find bitcoin futures quite volatile too. The Bitcoin perpetual. The September contracts are less volatile