linebands

BTC Dominance, Altcoins might get rekt

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Takeaways
-Stoch RSI Bull Divergence cross on weekly after September Correction
-Polynomial regression trend moving upwards ~53% dominance
-Q4 could bring the market cycle to where BTC takes the lead until 80k-100k, with certain alts going parabolic shortly after btc run (shib the new doge?)
-Though can't say for certain that we are in BTC season given an Altcoin Season Index of 43. But, it is a btc month.

Speculation:
-CeX's temporarily delist alts that fail Howey test
-Taproot upping the competition for native blockchains that don't have smart contracts
-Alt-coin king $ETH having a limit sell block region from 3.8k-4k, with buy limits at every 50$ from 3.25k to 3k. BTC had a limit region like this but back when it was 40k. Maybe $ETH will have the same effect $BTC had but in reverse?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.