The market dominance of Bitcoin is at a 2019 High having reached the 2018 Highs this week. With the RSI breaking over 70.000 it has completed a cup formation a relief consolidation is expected.
The alt market dominance is past its 2018 Lows approaching the 2017 levels. The equilibrium of the two market dominance markers is close to be achieved and since April 2017 it has been working in favor of the alt market and there is no reason to expect something different this time.
We expect Bitcoin to slow down its aggressive rise for the following 1 - 2 months while the Alt coins gain relatively.
Watching your chart right now. Eyes on that Alt dominance chart to see whether that double touch on the equilibrium line leads to a sustainable bounce like before. Great visualization, btw.
ReallyMe
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So my original idea from January 4, 2019 at which many people rolled their eyes and commented "oh no, never ever" was probably right!
Today it looks like this. We will see...
BMLemon
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@ReallyMe, I like this idea but I think I'm too chicken to trade out into stables. I don't know if we put in the 4 wave or if we've completed 5 and we're putting in the corrective waves. One thing I think is interesting to note is how many of the Alts have formed complex WXY corrections and makes me think BTC could do the same thing, losing dominance until it's finally fully corrected and everyone is fully screwed.
ReallyMe
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@BMLemon, Yes, it's all possible. we will see. that's the thing with the future, as long as it has not happenned, you can't rule anything out. ;-) Thanks and good luck!