BTC and General market trend set up to the downside

CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
As we keep ranging inside a resistance zone here, there is a good chance we keep consolidating and break down after some kind of fakeout. There are a lot of resistances above and until we break the topmost box, there is no reason to be bullish here.
Comment: for private community.


I tend to agree. I notice on the BTC.D chart it look like we've put in a 5 wave up, ready to correct into an Alt Run. I wonder if this alt run will result in a BTC crash as people cash out their profits in BTC for greater liquidity. This would continue the trend of greater dominance as Alts feel the greatest pressure of a BTC sell off.
+1 Reply
CryptoWhis BMLemon
@BMLemon, Yes, but altseason is a meme at this point. The big money marked up most alts end of 2017 and already left them. The best indicator of altseason would be the total altmarketcap chart. As long as that and the total marketcap are having bearish signs, we unfortunately won´t see an altseason.

However I define altseason as the majority of alts marking up. This does not include individual alts that can mark up out of nowhere.
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