imxxxxx

btc.d Alt Season Gravity Pull

imxxxxx Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin Dominance continues to fall, marking itself down into the bull flag trend line. Where it will go from here is anybody's guess. If it breaks through, I expect a huge LTC, BCH rally (eth just had its rally). If it bounces, I expect Bitcoin to go to 11,500. It's a matter of time. Bitcoin is slicing through resistances. Investors have confidence in low caps and mid caps. This is a great time to be a holder. If you missed the bottom, I would get in with 50% as soon as possible, and the other 50% after the market moves
Comment:
When zoomed in, BTC.D is respecting the bottom trend line of the bull flag. With the broadening mouth, it shows accumulation, and increased volatility. BTC.D has already broken down out of its upward trend line from January 2018. There were 3 significant touches. Sloping trend lines are less probable than horizontal, but in the crypto market, many trend lines slope.

BTC can do one of two things. It can bounce here, and have a face melting pump that leaves alts behind (correction upward on this btc.d chart).

Or, it can break down out of this bull flag (which is what I am betting will happen). If it breaks out of this range, I expect the cause to be a huge LTC or BCH rally (we had a big ETH rally yesterday).

Alts have seemingly "taken turns" in pumping. One day BCH, another day LTC, yesterday ETH. Best to spread out your risk.

BCH has gone 2.7x since the bottom 175 > 475... If thats not alt season/bull market confirmed.. i don't know what is.
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