As you can see btc dominance broke out of its previous channel, and now its forming a bearish movement. Which is a very good sign for alt coins. I think bitcoin dominance is ready to dump more tomorrow which will lead for a nice run up for most of the alt coins. Sadly I don't think bitcoin dominance can't dump much further then this support area. Because this is a big support area and its already at the very lows; I think we will get a bull cycle for bitcoin dominance. This will lead to an red alts season.
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.