CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Break the yellow line & all hail Alts season!!

I waited too damn long for this, in last 2 months we barely got in 5-6 alts but in last 3 days I have entered in well over 10 alts! why? simply cause it's alts season, as I mentioned in my telegram channel I am not bought in BTC until we see good accumulation, I am hoping that it will be around 6.5k-7.5k range in June.

BTC will trade in sideways range while alts will flourish, looking at the current dominance chart once we break the yellow trendline dominance should dump hard, most of alts I am looking at are in accumulation zone, or inside a falling wedge!

long story short future looks bright for alts atleast 2020

alts can die for entire year they will struggle but once they start to move they will move 50-100%, if past few days have been anything you can see whales are moving from one to another, no matter what FA is supporting it it's 2017 all over again!

Pump ETH -> pump BTC -> Pump alts -> make more BTC -> dump BTC to usd -> repeat the cycle over again!
Comment: that yellow trendline
Comment: Still supported by the yellow trendline, not yet broken, once we break that expect BTC to fall & alts to moon more


Possible pitchfork also forming


along with new parallel Downtrend channel is forming



i will keep updating this thread instead of creating new idea

Comments

Even on a shorter time frame of 6H, BTC dominance is weakening.
+1 Reply
which altcoins are you looking at?
+1 Reply
TradingV2 Trading4BTC
@Trading4BTC, check telegram @binancetradingv, i have overexposed myself in alts in past few days but mostly are running in good profit
Reply
It's not alt season until Chikun starts to the Cackle, and it's been very silent.
Reply
TradingV2 moonsie
@moonsie, who & what?? i have no clue what you talking about lol
Reply
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