edutradinguru

BTC DOMINANCE AS JULY '17 - SAYS THE ALT SEASON MAY RESUME

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Hello, as per my last update on the dominance linked below, we wer monitoring the descending triangle breakout. Well, it happened, and the BTC dominance also broke through the uncertainty/fake breakout turquoise area and fell below 62. The last time it happened was July 2017, just before the real bull run.

The next target is 57 as far as I am concerned, so the alt season may resume. The next goal is to find some good alt to invest in for a quick profit. It will be the topic of the next idea.

What do you think? Is this dominance pattern signaling an altcoin season resume or more importantly, it is signaling an incoming bull run? Or again, none of the above? Let me know your ideas below!

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