Bitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible.
On the other hand, this may also mean we that are nearing the end of our bull run (within months).
On the other hand, this may also mean we that are nearing the end of our bull run (within months).
Note
Mini head and shoulders forming on the larger right shoulder now, a smaller right shoulder is completing that formation. A drop below ~62, should lead to a further drop, which may confirm the larger pattern:
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.