I believe we have ALT SEASON until Bitcoin Dominance bounces we have between the support and resistance on the chart..
BTC power was high until BTC.D reached around 73% so it's now a resistance level and BTC will need to break this level to go back online on full power, until then Alt Coins has the control on our profits.. We see some good support around 60%. If this level is broken, I think the Alt Season is over..
So, stay chill and enjoy your alts in the time that BTC.D is bouncing in this area..
This is my first try for drawing art charts I learned it from drewby4321, I give you the link below if you're interested in chart art.. I'm sure I need a lot more practice on this!! haha..
This is my idea on Alt Season, I'll be glad too see yours..
BTC power was high until BTC.D reached around 73% so it's now a resistance level and BTC will need to break this level to go back online on full power, until then Alt Coins has the control on our profits.. We see some good support around 60%. If this level is broken, I think the Alt Season is over..
So, stay chill and enjoy your alts in the time that BTC.D is bouncing in this area..
This is my first try for drawing art charts I learned it from drewby4321, I give you the link below if you're interested in chart art.. I'm sure I need a lot more practice on this!! haha..
This is my idea on Alt Season, I'll be glad too see yours..
Note
I suggest you to do not panic on BTC drops.. Don't forget about Alt coin I see some profits on ALTs in upcoming days due to Bitcoin Dominance, as we spoked on the chart..I believe we can take some good profit on alt coin in intraday trading.. But it's important to use good stop-loss on our trades..
Note
About previous comment:Note
Waiting too see if BTC.D can break the 60.8% support area or not.. If this happens a supper ALT Season will start from tomorrow or the day after.. so fasten your seatbelts and check out the markets.. I want to see some alts move 50% - 100% starting tomorrow.. let's see what will happen..Note
Hey folks,Let's get ready for the Biggest ALT SEASON ever in crypto history..
If BTC.D is fixed below this support area.. the ALT SEASON is started.. The first alt leader will be ETH..
Contact me if you like to know how to trade in ALT SEASON..
Note
Check out how beautiful BTC.D is reacting to the trend lines..
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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.