Bitcoin dominance announces THE altseason The inverse H&S on the chart suggests an uptrend IF the neckline gets clear in the few days to come.
Then based on the previous behavior of this chart I expect the suggested pattern to be the case.
What it means:
BTC explosion on October,
Mini Alt-season on November,
Alt-season on December-January.
Good luck,
Median Eagle.
Minialtseason
BTC dominance can retry 40% support. Alt season is coming?We all know BTC is the king, and its dominance gives us important information.
The beautiful rising wedge has been broken down and retested for confirmation. Without any further information we expect seeing 40% soon.
By the way, fibo levels and the horizontal levels help us predict the path.
You might name this "mini alt season".
For the "alt season", we need a new all time low (ATL) on BTC.D chart, which will be discussed after confirmation of the current idea.
Best regards,
Median Eagle.