Currently, BTC.DomBTC.D is following the second scenario I mentioned in my previous post. This is the only scenario I can think of right now. According to this scenario, I predict that from now until Trump's inauguration, it will remain quite challenging for Altcoins. To determine whether Altseason will occur, it’s best to wait until the beginning of February to make an informed decision about deploying capital.
The image below shows instances of the M-pattern, where the second peak is higher than the first, followed by significant **Altcoin growth** in previous seasons. https://www.tradingview.com/x/uyRHYKt9/
If this second scenario doesn’t play out, my concern is that BTC.Dom could return to the 70 region. In that case, Altcoins would be completely crushed, and I truly hope this worst-case scenario doesn’t happen. :(
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