More than 2 months have passed since the last domination review.
Much has changed since then, especially with regard to the cryptocurrency market.
At the moment I see two possible scenarios for the development of domination:
1) if bitcoin is shed below 25k and we see a continued outflow of large investors, the chances of an instant increase in dominance to the 50%+ zone are infinitely high
2) the current low is the bottom and we will be able to see a reversal in the near future, in this case the scenario from previous reviews will remain relevant and an alt season is possible before the end of the cycle.
As for my personal opinion, I am inclined to believe in the first scenario, too much food + news about outbreaks of smallpox around the world can repeat the capitulation of all markets, as we have already seen in 2019.
Much has changed since then, especially with regard to the cryptocurrency market.
At the moment I see two possible scenarios for the development of domination:
1) if bitcoin is shed below 25k and we see a continued outflow of large investors, the chances of an instant increase in dominance to the 50%+ zone are infinitely high
2) the current low is the bottom and we will be able to see a reversal in the near future, in this case the scenario from previous reviews will remain relevant and an alt season is possible before the end of the cycle.
As for my personal opinion, I am inclined to believe in the first scenario, too much food + news about outbreaks of smallpox around the world can repeat the capitulation of all markets, as we have already seen in 2019.
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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.
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.