BTC Dominance is currently forming a consolidating in a descending triangle and clearly printing lower midterm support levels, which could mean a short-term correction for alts in general.
On higher time frames, however, it has broken below its most important point of control, its 4H and Daily MACD show a bearish crossover, and long-term Ichimoku has now become strong resistance.
This means that a high volume breakdown in BTC Dominance is imminent and this means we’re likely having a very strong alt season in the next couple of weeks.
On higher time frames, however, it has broken below its most important point of control, its 4H and Daily MACD show a bearish crossover, and long-term Ichimoku has now become strong resistance.
This means that a high volume breakdown in BTC Dominance is imminent and this means we’re likely having a very strong alt season in the next couple of weeks.