100-BTC.d Alts bleeding might end soonLooking at inverse of BTC.d (subtracting from 100% BTC market dominance), a rising widening wedge is observe on the weekly and the index nearing support of the wedge and a key horizontal support. A bounce at the wedge support will lead to a new Alts season. However if the wedge breaks down then Alts will drop significantly leaving mostly BTC dominant.
Practically BTC cannot be overtly dominant like it was in the past, Alts have matured and created a niche for themselves especially ethereum, link and difi.
Technically the monthly MACD on BTC.d has crossed down. Monthly MACD are very hard to turn around, even the recent rise in BTC dominance has hardly dented the monthly MACD. So it is very like that Alts dominance will bounce and a fresh Alts season starts. From the graph a new Alts season is estimated to start early November.
