"Alt season" has pushed BTC.D down to 40 area, but how low will it go. How long can this last. Weekly RSI is way down at 15 now and Bitcoin looks to have taken a first clumsy step down a big hill. I don't think BTC.D will get to 30 like 2018, but we'll see.
Comment:
Of course the million dollar question is; will alts continue to surge after Bitcoin's first capitulating bounce? Its very hard to know because there are many differences. This long domed Bitcoin top has been nothing like previous tops. Will there be a last gasp blow off top rally following Bitcoin's first capitulating bounce or will it be over then?
Comment:
This looks like it could well be the beginning of the end. We'll see.
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