BTC has been on an absolute tear. reaching highs in market dominance. However the trend has changed in bitcoin dominance as shown on the chart. This chart is inversed, so it shows alt coin dominance. The structure breaking for alt coin dominance, combined with BTC being very overextended by every measure; Leads me to believe the alt season people have been waiting for is finally here. grab your bags, and remember to create exit strategies for selling back into BTC.
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.