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CoinsightGhost
Jun 14, 2019 1:39 PM

Bitcoin Dominance/ When Alt Season? Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

I know everyone is so itchy and calling for alt season, but it simply will not come until this bitcoin dominance chart reverses trend. The shaded area is the key level. Once this breaks down and below that we could see alts turn, but as of now, it is holding as support and bouncing meaning, death the most alts. This means money is flowing out of alts, and into bitcoin and this will act as the gas to propel BTC to 9000 and likely 9800-10,000 imo. Alts are risky until bitcoin is done running, watch this chart it is your key indicator, not crypto twitter... Long BTC, not alts.
Comments
Cryptonite_trader
Nice analysis, this is what im seeing

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