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Oct 11, 2021 9:30 PM

BTC Dominance, Altcoins might get rekt Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

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?
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