#BTC Dominance! Fractals! Alt season is not over YET?
Updated
Welcome to this quick update guys.
Like my previous Dominance update I shared both the bull and the bear scenario.
In this chart I would like to share with you some reasons why I think Alt season may continue for more 7 weeks.
Please observe the chart with me:
The Fractals, you cn see the black poly line waves have been moving like a rhyme .
50D MA: Whenever Dominance breaks below 50D MA we have seen extended rallies for altcoins.
Potential Bearish Pennant in formation which generally breaks to the downside.
And most importantly the altcoin Hypes isn’t over yet. There are still mainnets to be launched, rebranding to be done, testnet to be released, Big announcements to be done.
So on the basis of all these technical and fundamental reason I think we can see an extended alt season is not OVER YET for the next 6 weeks.
If you like this idea please hit the like button to support my work.
Do not forget to follow me for more future updates on altcoins and bitcoins.
STAY SAFE
#Peace
Like my previous Dominance update I shared both the bull and the bear scenario.
In this chart I would like to share with you some reasons why I think Alt season may continue for more 7 weeks.
Please observe the chart with me:
The Fractals, you cn see the black poly line waves have been moving like a rhyme .
50D MA: Whenever Dominance breaks below 50D MA we have seen extended rallies for altcoins.
Potential Bearish Pennant in formation which generally breaks to the downside.
And most importantly the altcoin Hypes isn’t over yet. There are still mainnets to be launched, rebranding to be done, testnet to be released, Big announcements to be done.
So on the basis of all these technical and fundamental reason I think we can see an extended alt season is not OVER YET for the next 6 weeks.
If you like this idea please hit the like button to support my work.
Do not forget to follow me for more future updates on altcoins and bitcoins.
STAY SAFE
#Peace
Comment
If this 66 Level breaks. ALTSEASON WILL CONTINUE FOR THE NEXT 5 Weeks.
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