PolarHusk

BTC.D Bearish Head and Shoulder Pattern (Alt Season!?)

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D

When Alt Season For BTC pair coins?

After showing a sign of weakness, BTC.D made a Lower High for the first time and just
barely holding previous support which is the neckline of this Head & Shoulder
bearish pattern. Break of this key support will bring down the Dominance to 61-60 level which
will help BTC pairs Alts to gain momentum to the upside but only for a few months.
Also, RSI previous Higher Low is now broken which adds more bearish momentum.
Be ready and make sure you have money left in your bags when the Alt season comes in.

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