Currently, BTC.Dom 
BTC.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. :(
BTC.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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BTC.Dominance is still following the expected upward scenario. However, in the bearish case, it is unlikely to follow the previously predicted pattern. Instead, it could rise to around 70%—the worst-case scenario for Altcoins that I’ve mentioned before.
If this scenario happens while Bitcoin is not yet in a downtrend, Altcoins will become extremely cheap. If the market follows last year’s decline, it may take until after Q2 this year to show signs of recovery.
Unikryptonian
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Unikryptonian
Related publications
Disclaimer
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.