Hello, Skyrexans!
Let's carefully make update on $BTC dominance because previous analysis where I bet for local top slightly above 65% is playing out even stronger than I supposed. Today I will show you why altseason could be already started, why I am not sure and where is the critical level.
Earlier I told that daily time frame does not suit for this Elliott waves cycle measurement, but we have 155 bars there, slightly above 140 bars, so we can count it as a valid. Moreover we can see zero line cross on Awesome Oscillator, but again only slightly. That's why I am not sure if uptrend on dominance is over or we shall wait for earlier predicted wave to 67%. But anyway I am sure that 60-61% will be reached before, so it was not a mistake to be in altcoins from 65.3%. When price will reach Fibonacci level we will see how it will approach it and make a decision about our altcoin's holdings.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
