#btc.d #btc_dominance #weeklyHi guys..its the latest analysis chart of dominance of bitcoin .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
Btcdominancechart
When Alt Season?Simple and to the point :
Bitcoin Dominance needs to break and close below this 67.5 level to trigger the rally in altcoins.
Keep an eye on it.
I am expecting it to break down.
Break and close above 70 invalidates the chart.
Do hit the like button to support my work.
Thank you
#PEACE
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#DOMINANCE Should Fall! But for how long? On demand Chart!Dominance bounced around the 57 level in September second week. That was the time when I posted a chart and warned everyone to hold more BTC and minimise your exposure in altcoins.
Since then we have seen correction in altcoins for almost 76 days.
Now it got rejected from the upper trendline resistance of the channel.
What can we expect now?
I am expecting Dominance to fall from here. 64 Level was crucial and it already broke below it and currently retesting this level. Alts. must perform well for at least next 3 to 4 weeks.
Alts are taking a hit right now while BTC is under a short term correction.
The next crucial levels to watch are 61.20 and 58.
If Dominance breaks below the 61 level the alt season may get extended to almost 56 days.
History says Nov to Jan are good for altcoins.
I am holding the few altcoins that I posted like BLZ CTSI DUSK PPT and will add more on confirmations.
I will be posting altcoin setups soon, stay tuned.
Do hit the like button if you like my simple updates and share your views in the comment section.
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