Is it altseasion Or we need to wait more .
Bitcoin dominance was trading inside a rising wedge pattern, but it has broken down from this pattern and is now retesting it around 63.85%. This is a bearish sign for BTC dominance,Bulish for Altcoins . meaning Bitcoin may start losing its strength compared to altcoins.
On the other hand, "Others Dominance" (altcoins excluding BTC and ETH). was in a falling wedge and has broken out from it. It has also retested the pattern, which is a bullish sign. This setup shows that altcoins are getting ready for a strong move, but we should be patient and wait for a full confirmation.
There could still be a fakeout, so it’s better to wait for a proper retracement before entering into altcoins.
BinanceAlpha$1.7MReward
