Bitcoin Dominance Bullish. Alt season or Altpocolypse?
I keep trying to warn people and have said since April there is no alt season yet. This is the only chart you need to watch. It is the playbook for alt season. Right now do not fight the trend. Alts can drop another 50%+. Btc dominance made the 67 level resistance into support, which is very bullish. It may not be a straight line, but I see no reason why dominance cannot run to 75-80. Imagine what this will do to alts. Imagine btc hitting new all time highs and most being stuck with worthless bags of alts. The trend is your friend. Until we see this chart reverse, anyone playing in the majority or alts is just gambling. Btc is flexing its muscle and only when btc is done its run and cooling off, will money start to flow back into some of the alts that do not die. Don't get rekt and try and catch a falling knife. Watch this chart for reversal pattern. Until then stick to the king bitcoin.
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