$BTC.D dominance again overheated. Time for the Alts to catch up
Updated
Check out this chart—
BTC is on fire, but the market? Totally overheated. 🚀🔥
Sure,BTC dominance had its pump, but now all the indicators are screaming *RED ALERT*:
- **RSI** is overbought with a bearish divergence.
- **MACD** just hit a bearish crossover.
- Sitting pretty (or not) at the **61% resistance**.
Translation? We’re ripe for a (much-needed) dominance correction. ExpectBTC to chill sideways this weekend, with a likely correction kicking off next week.
Now, about those altcoins... 🤔 The memes have already had their moment—most hitting ATHs. But hold up! There's still plenty of action brewing:
ETH is waiting to pump, all the DEFI (
RUNE, 
UNI etc..) are waiting to pump.
Some great projects are under valuated likeINJ
Also the L2 and L1 haven't pumped yet, think about
AVAX, MMATIC etc...
Ket's start an altseason! Even a mini one, for Christmas!
BTC is on fire, but the market? Totally overheated. 🚀🔥 Sure,
BTC dominance had its pump, but now all the indicators are screaming *RED ALERT*: - **RSI** is overbought with a bearish divergence.
- **MACD** just hit a bearish crossover.
- Sitting pretty (or not) at the **61% resistance**.
Translation? We’re ripe for a (much-needed) dominance correction. Expect
BTC to chill sideways this weekend, with a likely correction kicking off next week. Now, about those altcoins... 🤔 The memes have already had their moment—most hitting ATHs. But hold up! There's still plenty of action brewing:
ETH is waiting to pump, all the DEFI (RUNE, UNI etc..) are waiting to pump.Some great projects are under valuated like
INJ Also the L2 and L1 haven't pumped yet, think about
AVAX, MMATIC etc...Ket's start an altseason! Even a mini one, for Christmas!
Trade active
Again, this idea did very well. I think that BTC.D is heading to 59% or 58.8% exactly which should give a relief for the altcoins until black friday.
WARNING: black friday always has a small crash, remember that.
Updated chart:
Trade closed: target reached
Another idea that reached its goal, however it seems that 55% is a bottom and that we will have a pause it this stage. Here is my last updated chart, I will publish a new one when necessary
Note
As I forecasted, the BTC.D had a rebound on the resistance. Altcoins will be bleeding for a week, then BTC.D might continue its downtrend and the altcoin season resume.
Note
We had a reaction at 55% but now, we get a double top bearish signal. If this plays out, we will re-enter in altcoin season.
At 57% BTC.D we are not in altcoin season anymore, we need a pull back
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