An inverse cup formation can be seen on the Bitcoin Dominance chart. I expect it to rise only initially (October), only to drop lower starting from November! December and January are the most important months of this bull cycle because they are the short time period where we are going to see the famous "ALTSEASON".The 2018 support will be reached and if we are lucky we might go even lower;)
Hope you enjoyed the idea! Let me know what you think in the comments
So shall we immediately just sell all Alts and go into BTC until we see a drop early Nov? I really don’t want my Alts to bleed.. it’s been scary as it is the last 5 months.
Agreed - I don't see BTC heading back to 60 - 70% like last October. It will have its day the next few weeks provided by massive alt pumps starting in November, but significantly more in December and January.
This doesn't mean BTC won't do well. It will be 100k by year end.