Start of Alt Coin Season? 4 Months Upward Movement?
BTC Dominance is at peak of 70 as the time of writing. As you can see on the weekly chart we are right below and currently being rejected by the 200 Weekly MA.
Chart patterns shows a weekly rising wedge starting from Jan 2018 up to date and smaller rising wedge from May 2019 up to this date. being said, we are at the top
of the upward rising resistance and tip of the small rising wedge. plus if we include the 200 MA weekly resistance. There is a high probability that a reversal is about to start.
RSI shows divergence on weekly time frame too adding more factor for Alt coins to start up their game now. In my opinion, projection for Alts before they run out of gas again
is until Dec 2019. But who knows? this is only my analysis. I can be wrong but im going to start looking for good Alts with high potential rewards and low risk.
Everyone is waiting for this season to come. let's all wish for it! :P
Chart patterns shows a weekly rising wedge starting from Jan 2018 up to date and smaller rising wedge from May 2019 up to this date. being said, we are at the top
of the upward rising resistance and tip of the small rising wedge. plus if we include the 200 MA weekly resistance. There is a high probability that a reversal is about to start.
RSI shows divergence on weekly time frame too adding more factor for Alt coins to start up their game now. In my opinion, projection for Alts before they run out of gas again
is until Dec 2019. But who knows? this is only my analysis. I can be wrong but im going to start looking for good Alts with high potential rewards and low risk.
Everyone is waiting for this season to come. let's all wish for it! :P
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