Might be a huge clue with certain events happening and XRP swell to name one that this could bring the dominance down with further interest in the hype of the conferences. Biggest problem YTD so far has been the dominance of BTC making it super hard for any trading.
But with the bearish trend setting up now we could see more green in the altcoins
One big push early this morning then a drop has happened. Stated this on a zoom yesterday that a possible pump and drop could be possible as we do look weak. Now with the bears appearing it looks set to go back down
I know this might be short-lived but it is nice seeing some alt-coins move up with the BTC dominance coming down. It is long overdue and this could spark some nice Q4 interest in the alt-coin market with some good developments in the air.
BTC showing a tail on the 6 hour, could show a sign of weakness and a possible retest of the 8K region again. Having had a good run up the last few days. This would show that momentum is starting to change.
Look's like Alt-Season after all. Well, let's not get ahead of ourselves but let us be realistic. And if we can being realistic is the best thing we can do. BTC dominance coming down is good for the alt-coins to bring back some of those satoshi's and some great trading opportunities.
Bitcoin has been strange. Still appears to be sideways with tough resistance on top and lots of support just below. Zig-Zags from one end to the other.
Hard to call where this will go. Still more bearish than bullish though.