TradingShot

BTC DOMINANCE Huge alt season right down the corner?

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
BTC Dominance just broke above the 1D MA200 (orange trend-line) after a 6 month consolidation period. This sequence is very similar to the previous BTC Cycle, in fact its Parabolic Phase.

As the BTC Dom chart shows, an identical consolidation pahse took place from July to November 2017. Then following a Golden Cross, the price peaked and dived aggressively as BTC sharply lost dominance against the rest of the market.

The total crypyo market cap chart also shows identical phases. Do all these indicate that a massive alt season, potentially the last of the current Bull Cycle is right ahead of us? Feel free to share your work and let me know in the comments section!


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