It is difficult to have altcoin season
Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow
The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range.
The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins.
According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed
In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.
Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow
The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range.
The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins.
According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed
In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.