CryptoNCoffee

ALTs getting crushed until...

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC dominance is in a clear descending triangle, which is generally a bearish pattern. Could BTC break up out it? Of course. But statistically the chances are it will break down from it. Therefore it is reasonable to assume that a rejection from the upper line of resistance will lead into a juicy alt season. Until then we can keep expecting ALTs to continue to bleed sats.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.