BTC Dominance Made another Delay for Altcoin Season
BTC Dominance is quite resilient for these days and didnt give so easy for altcoin to took it's toll and it's still rising currently ( 60.20 %) from yellow trend line.
yellow line is a ascending triangle also a trend line from april 2019. which not being broken until now.
Indicators :
DMI : on 4 hour +DMI and DMX is currently moving upward while - DMI is move downward. which is bullish though it is not being backed with a strong movement from DMX(blue line) yet.
In My opinion, while the trend is on bullish side for bitcoin dominance. as long the btc dominance didnt broke the yellow trend line (below 59%).. i believe altcoin season is hard to be hoping for recent time.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.
yellow line is a ascending triangle also a trend line from april 2019. which not being broken until now.
Indicators :
DMI : on 4 hour +DMI and DMX is currently moving upward while - DMI is move downward. which is bullish though it is not being backed with a strong movement from DMX(blue line) yet.
In My opinion, while the trend is on bullish side for bitcoin dominance. as long the btc dominance didnt broke the yellow trend line (below 59%).. i believe altcoin season is hard to be hoping for recent time.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.
Comment:
I assume alt season will come after it drop from it's trend line
we will see
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