BTC Dominance Delaying Altcoin Season Again.
BTC Dominance is quite resilient for these days and didnt give up so easy for altcoin to took it's change to shine.
BTC Dominance is still rising currently ( 60.20 %).
.png)
yellow line is a ascending triangle also a trend line from april 2019. which not being broken until now.
Indicators :
DMI : on 4 hour +DMI and DMX is currently moving upward while - DMI is move downward. which is bullish though it is not being backed with a strong movement from DMX(blue line) yet.
In My opinion, while the trend is on bullish side for bitcoin dominance. as long the btc dominance didnt broke the yellow trend line (below 59%) .. i believe altcoin season is hard to be hoping for recent time.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.
i'm thinking a big alt season is coming!
yeah i think so.. i can confirm it after btc dominance close below 58.69 % and also due to a nature of broadening pattern, it could expand unpredictable if this line somehow could rise back inside broadening pattern to continue it's parabolic move .