We are on the verge of a powerful Altseason !!
While the Bitcoin ETF is on the news, ETH has now bottomed against the Bitcoin pair.
Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped.
Do not get me wrong: this is bullish for Bitcoin itself !!
However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the Digital Asset space as a whole.
Altseason usually starts when RSI of the BTC dominance reaches avove 58% levels on the weekly chart. Recently it has touched 60% when all of a sudden the Bitcoin dominance has been violently rejected at the 55% level.
These are the avaited signs for an Altseason which will bring the dominance eventually all the way to under 25%, which would signify ATL all time lows for the share that Bitoin has in the digital asset market space.
Soon I will post my number 9 and 10 of the TOP10 project list. Stay tuned.
Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped.
Do not get me wrong: this is bullish for Bitcoin itself !!
However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the Digital Asset space as a whole.
Altseason usually starts when RSI of the BTC dominance reaches avove 58% levels on the weekly chart. Recently it has touched 60% when all of a sudden the Bitcoin dominance has been violently rejected at the 55% level.
These are the avaited signs for an Altseason which will bring the dominance eventually all the way to under 25%, which would signify ATL all time lows for the share that Bitoin has in the digital asset market space.
Soon I will post my number 9 and 10 of the TOP10 project list. Stay tuned.
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.