BTC Dominance, End of ALT Season?

What interests the crypto nation more than the Bitcoin chart is the start, end, and cycles of the ALT season. A -10% drop in Bitcoin closed the first ALT-coin season out of the expected three. That is, two cycles still have a good chance.
Everyone knows the cycle:
USD ---> BTC ---> ALT ---> USD ---> BTC ---> ALT…. It is also a loop as the value migrates between crypts.
In my usual way, it will be a strictly technical analysis .

The analysis is done on a monthly basis and therefore has a very strong meaning.
We are expected to traverse the movement of the 2017 cycle again, only at other levels.
In 2017, the dominance of Bitcoin fell along the rain line marked in red. This fall consisted of 5 waves, indicated by the descending arrow marked in blue. There were 3 parts in this corpse when the dominance of Bitcoin decreased. I marked these parts with the black arrows. This is when we can talk about the ALT season. At that time, money migrated from Bitcoin to the ALTs. There were 2 parts when Bitcoin’s dominance rose, then money flowed out of ALTs. In my opinion, yesterday ended the first ALTcoin season with a -10% drop in Bitcoin . Apparently everything was already heavily pumped. DOGE is the best example of this.
In my opinion, the dominance of Bitcoin will increase slightly again by about: approaching the level a month ago. Here is a fairly strong resistance from which the second ALT season cycle is expected to begin.
What else is worth noting:
The candles in the 2017 cycle were much larger than those in the current 2021 cycle. This is because dominance is currently moving in an even denser zone of resistance. As soon as this is broken down, we can expect to see more intense ALT movements.
The 2017 decline in Bitcoin dominance lasted 10-11 months, with a good chance it will happen again.

The similarity compared to 2017 is clearly visible here in the sections marked in pink.

So if we repeat 2017, we still have 2 ALT seasons ahead. It is worth preparing for this and taking advantage of its potential!

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Non-financial advice. Trading in cryptocurrencies is risky and can result in losses.

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Mathematically speaking, the entire market should expand by up to 10 trillion dollars. I would have been laughed at a couple of months again, but look at what's happening right now. It took the entire market 12 years to reach the first trillion and a mere 3 months to reach the second trillion. Moore's law just got very real. However, if bitcoin is to hit 300k this year, lord knows it could happen much much sooner than everyone expects it too, and the marketcap is limited by 10 trillion dollars, Bitcoin's marketcap would have to be $5.607.656.945.091 and alts would have a total market cap of $4.392.343.054.909, in this scenario, Bitcoin dominance would have to be 56.54 by May 1st and then start to plummet from there, or another scenario, is both Bitcoin and Institutional Alts explode up as dominance flattens 50/50, in a scenario like that, bullrun could last for 2 more years, expect the unexpected.
+4 Reply
I love the perspective. Often, when someone posts a chart on the monthly, it gets my attention. Yours did not disappoint. Thanks.
+1 Reply
@dsteaves Thank you :-)
Very good analysis
+1 Reply
@baskanx Than you :-)
hi update please