PolarHusk

Bitcoin Dominance TA Update (Altcoin Season?)

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin Dominance

BTC Dominance is currently trading at the key support area after falling from a cliff last 14th of Jan.
If BTC Dominance can't get above 69 levels there is likely a bearish cross of 50MA and 200MA will happen in the coming days.
This will drastically shift the momentum from Bitcoin going to the Altcoin markets.
Meaning, We will experience an Altcoin season for 1-3 months.
I have seen multiple Altcoins starting to pump and have the potential to explode within 1-2 weeks.
I'm getting excited but still using precautions in every trade.
I will update this chart after a few days when we have enough data from the market.

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