Is the altseason already nearby?
📊 The breakdown of support and BTC dominance index downward movement strongly affected the entire cryptocurrency market. Altcoins are gradually starting to reveal their potential. A lot of coins are pumping now.
Chainlink, for example, has reached its ATH.
And Dogecoin made more than 100% in just 2 days.
👀 Flat movement of BTC led to a drop in the domination index to 64% level and has a positive effect on altcoins, which will continue to grow against BTC and possibly return to their March values.
📉 The index has formed LL and BOS on the chart. This indicates a continuation of the downtrend.
🗣 However, do not forget that in case of a strong BTC impulse, money will begin to flow back. This might directly affect the alts. Part of the coins will go in to correction. Some will follow bitcoin.
✨ A breakdown of the 62.5% BTC.D level will open the doors for the altseason similar to 2017-2018. Remember that it begins after BTC completed its upward movement.
⚠️ The worst option for altcoins is domination above 73% level. It’s not even worth saying what will happen to the coins.
Chainlink, for example, has reached its ATH.
And Dogecoin made more than 100% in just 2 days.
👀 Flat movement of BTC led to a drop in the domination index to 64% level and has a positive effect on altcoins, which will continue to grow against BTC and possibly return to their March values.
📉 The index has formed LL and BOS on the chart. This indicates a continuation of the downtrend.
🗣 However, do not forget that in case of a strong BTC impulse, money will begin to flow back. This might directly affect the alts. Part of the coins will go in to correction. Some will follow bitcoin.
✨ A breakdown of the 62.5% BTC.D level will open the doors for the altseason similar to 2017-2018. Remember that it begins after BTC completed its upward movement.
⚠️ The worst option for altcoins is domination above 73% level. It’s not even worth saying what will happen to the coins.
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