It seems to me that the BITCOIN DOMINANCE is signalling that the AltSeason could soon resume !!
After having broken down at the 72 level it rapidely collapsed until the 40 level.
In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind).
Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done !
If it breaks 47 we could see the Altcoin market resuming again !
We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !!
Let's follow BTC dominance closely...
After having broken down at the 72 level it rapidely collapsed until the 40 level.
In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind).
Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done !
If it breaks 47 we could see the Altcoin market resuming again !
We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !!
Let's follow BTC dominance closely...
Trade active
Bitcoin is breaking down !! It could not hold the 47.0 level and broke out of the wedge !! Waiting for a backtest before collapsing !Note
Backtest complete.Bounce back very timid.
BEWARE: monster AltCoin bull on its way !!
Trade active
Bearish wedge break down as forcasted !!S P O T O N d a n g e r m o u s e !!!
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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.