The chart is the inverse of BTC dominance.... aka alt dominance.
It looks like we are setting up for a surge in alt coin dominance. At the very least we will be seeing some upward pressure due to what we are seeing in the 4day time frame. If the upward pressure leads to a substantial increase in alt coin dominance then this may snowball into a full blown "alt season"
It looks like we are setting up for a surge in alt coin dominance. At the very least we will be seeing some upward pressure due to what we are seeing in the 4day time frame. If the upward pressure leads to a substantial increase in alt coin dominance then this may snowball into a full blown "alt season"
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Same chart
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similar set up as present day and it ended in finding bottom. Although alts were just beginning so its hard to say how compare it is to present day in that aspect.
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here is present day. It seems like we may continue going relatively sideways for the time being... this means alts can go up some but for a true alt season I'm thinking we will need to see a stronger reversal as described in the chart