Touble top incoming !!!
Things are starting to align, January is approaching and Alt season will be explosive! The BTC Dominance chart is showing the foramtion of a possible double top.
Hopefully this will fulfill once the indicated horizontal level is reached.
Once BTC D reaches that level the domino effect will start, and more money will stream in alts, it seems like 25 k MIGHT be the top for now.
Ideally we see a consolidation in the current are 24.5k to 25k and the BTC D go down swiftly
I would not be suprised if the dominance chart fully ignores the double top and breaks out further to 73ish %.
Fingers crossed for ALT season yall.
Happy holidays.
Leave alike if you agree or hope for the same playout.
Cheers
Hopefully this will fulfill once the indicated horizontal level is reached.
Once BTC D reaches that level the domino effect will start, and more money will stream in alts, it seems like 25 k MIGHT be the top for now.
Ideally we see a consolidation in the current are 24.5k to 25k and the BTC D go down swiftly
I would not be suprised if the dominance chart fully ignores the double top and breaks out further to 73ish %.
Fingers crossed for ALT season yall.
Happy holidays.
Leave alike if you agree or hope for the same playout.
Cheers
Note
Moment is high we just booked a new ATH for BTC , now if we see retrace we can confirm the Double top, BTC D at 70.2 but it seems like it might go higher to 70.7 for the ultimate double top. If not there then alts will bleed HARD. Good luckNote
This is looking good fellaz rejection happened and it seems like double top. Now the question is ALT SEASON?Note
Ultimate double top reached. But still holding above the trend line here, we need to break the trend to confirm a retrace and possibly a start to alt season
Disclaimer
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.