It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not....
As we all know investment in crypto-currency is increasing dramatically. New coins with interesting fundamental paper-work as well as technology are trending. Do you believe that others dominance is going to grow as I predicted? How about BTC, ETH and other big dogs in the game?
I think the altparty isn't started yet; but it will open after the king's pullback from 55000$. There is a possiblelity, on the other hand, that he go up 62000$ right from here. However, i set up my buy orders for altcoins up their current supports and current resistances. I hope this strategy work. In my opinion still there is good buy opportunities in these two days.
I can smell Alt season is coming.. So pack your bags, I hope we're going to have interesting months coming in..
Let's look at these two charts together..
First BTC/USDT 2 Hour chart and second Bitcoin Dominance on 4 Hour chart.
In BTC/USDT chart we can see a double bottom classic pattern that is activated that made the price go top. After this bullish movement...