BTC.D Wall Street loves to fade Alts, it seems. However, cannot ignore the 180 SMA moving to the front end. This would signal the beginning of a bear market trend for Dominance. We had a fakeout of this structure back in December, where the 45 and the 90 emas refused to cross the 180 SMA. 360ema moving to the top of the stack would be a true Altseason (2017, 2021)
BTC.D Bitcoin is witnessing profit booking, with whale activity indicating a gradual offloading of positions. Market dynamics suggest an imminent rotation of capital from BTC to Ethereum and other altcoins. ALT SEASON LOADING
BTC.D Good morning, All eyes on Bitcoin. If Bitcoin levels out from here or retraces back up between ATH and this current point without a spike in dominance, we should see our window for Alts open up. Dominance will fall, and capital will rotate in, starting with large caps, then mid - then small, then micro.
If Bitcoin falls any further than where it is currently, we will have to reevaluate. If Bitcoin makes another bullish move, then the timeline resets.
This is not investment advice. it's my own personal options.
Good luck, my friends Never follow the White Rabbit