quantmaven

Bitcoin Dominance: One last altcoin season (long-term view)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
The bitcoin dominance is currently finishing a primary wave 4 of cycle wave C in the shape of a triangle. It means that in theory, there is a primary wave 5 of cycle wave C right after, shown in purple. If that's the case, it means that the bitcoin dominance is going to fall. For it to fall, altcoins must outperform. This would mean that we are near the bottom of this whole correction for that to happen.
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.