I think that this scenario is likely to play out. It's a bit risky taking into consideration that BTC is being heavily accumulated. However, I'll take my chances getting some additional exposure in Alts for a few more weeks.
Is important to know that BTC Dominance goes up either when BTC goes up or when it crashes.
Note
I'm starting to have my doubts about a spiky bounce here. I will keep playing with Alts a bit more inside the green box. If it breaks the last support it will be an epic run for Alts. I'll be managing risks moving alts to BTC time to time when every support is about be reached as I've been doing these weeks.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.