There is no doubt that BTC crossed recent ATH high on the monthly chart. I have been waiting for this for a very long time to confirm my bullish signal.
Total Market CAP also crossed recent ATH. TOTAL Monthly chart below
For most of you who knows their onions and are good with TA, no doubt the bull market is back, but you will notice most altcoins have not really given us that super move as we wanted. In most cases, we are seeing some ALTS fail breakout. In simple English, BTC has been outperforming most ALTS in the past few weeks.
Is it too early to judge? Well, crypto is so fast that that by the time it becomes obvious, it's too late to make a decision.
How did I come about this? First Check ETHBTC. Ethereum is the first flag bearer of ALTS season. ETHBTC 3 daily chart below.
Okay! Okay! For Yee Doubting Thomas who says ETHBTC only speaks for ETH. I agree, lets look at the almighty BTC Dominance to tell the story. See 9 Daily chart below:
As a good trader you should be able to spot trend 👀 early, know how to track movement of HOT 💰 money and follow it.
What do I expect to happen according to this analysis?
I expect BTC to pump hard 🚀 while most coins move slower 🐌or sideways at worst lose some value. After BTC is done making it's move then we expect to see ALTS coins doing their thing. I am 100% on BTC for now.
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