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quantmaven
Sep 16, 2021 3:21 PM

Bitcoin Dominance: Altcoin Season Ending Soon 

Market Cap BTC Dominance, %CRYPTOCAP

Description

The secondary wave 5 of primary wave 5 is almost completed, in the shape of an ending diagonal. Whenever the Bitcoin Dominance dips below 40 again will most likely mark the end of this glorious altcoin season we had. I think this might be a matter of days, we will see.
Comments
Dmitry86x
If BTC.D dips further down it's gonna be a trigger for another alt season. Sounds like you don't understand the logic here.
quantmaven
@Dmitry86x, I understand it but there's a double bottom forming, and an ending diagonal in blue I shown. If it goes much lower then yeah I was wrong but until then we will see.
jimmythis343
I thought BTC dominance going down was a "GOOD" thing for ALTS>?...money flowing out of BTC back into ALTS and DEFI?...anything under 40 and ALTS will fly
WillTMoney
It's bull season till December. Don't be fooled. We're just getting started.
Andy1GP
I think he means that if it dips below 40 it signals an impending reversal. Bottom is nearly in and reversal will crush alts
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