Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range.
The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins.
According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed
In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.
You drew your lines ignoring what happened to BTC.D during December 2016- September 2017 which was during a bull cycle. Your analysis is based on looking at the cycle during BTC's bear market at the start of 2018
axelrodd
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It is difficult to remain bearish forever, Altseason has just started
Dmoootje
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Now i'm commenting with a big "IF", what IF XRP really gets pumped (just a thought) and BTC.D breaks support?? Could this trigger a further alt season?