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BTC.D - Next wave of Altcoin season at fight or flight
Market Cap BTC Dominance, %
Short
BTC.D - Next wave of Altcoin season at fight or flight
By jdharward
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Updated
Jun 22, 2019
6
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Cheer
Jun 20, 2019
Bitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59, the market will have a choice to make. Dipping below say 58.5 will break the triangle and we'll see a bloom in alt coins.
If Bitcoin dominance breaks below 57 and especially below 56 we'll see alt coins bloom A LOT. ;)
Good luck!
Jun 22, 2019
Comment
Looks like it's the alts screwed scenario
ALT
altcoins
Bitcoin (Cryptocurrency)
btcd
Chart Patterns
dominance
season
jdharward
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