Hello, we saw another attempt to break the 180bn BTC market cap that is a resistence since March 18.
This is why I think this time we will break it
BTC dominance is in line with the setup drawed months ago. We are witnessing a loss of dominance of BTC after a spike in the bear period: this consistent with a "bull run" where alt (some alts, good ones) outperform BTC and gain market share. Here it is:
Alt dominance is confirming that, being about to break a triangle.
This altseason is being confirmed by the 3 indexes ALT, MID and SHIT. The first is a group of the top 10 coins, MID is coins from 10-30 and SHIT is top 80 coins.
When Shitcoins start to outperform safer coins it means it is time for a run. Here the charts
TOP 10 COINS
MID CAP COINS
SHITCOINS
Shitcoins grew 220% from min against 130% of top 10 alts, meaning that they have less way to go to previous tops. So they will either outperform more or the trend will move on MID and TOP10 now.
Anyway, things seem bullish to me now. What do you think?
This is why I think this time we will break it
BTC dominance is in line with the setup drawed months ago. We are witnessing a loss of dominance of BTC after a spike in the bear period: this consistent with a "bull run" where alt (some alts, good ones) outperform BTC and gain market share. Here it is:
Alt dominance is confirming that, being about to break a triangle.
This altseason is being confirmed by the 3 indexes ALT, MID and SHIT. The first is a group of the top 10 coins, MID is coins from 10-30 and SHIT is top 80 coins.
When Shitcoins start to outperform safer coins it means it is time for a run. Here the charts
TOP 10 COINS
MID CAP COINS
SHITCOINS
Shitcoins grew 220% from min against 130% of top 10 alts, meaning that they have less way to go to previous tops. So they will either outperform more or the trend will move on MID and TOP10 now.
Anyway, things seem bullish to me now. What do you think?
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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.
Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
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.