BTC.D dominance. Is the altcoin season around the corner?
Remember, when dominance falls - altcoins rise. When dominance rises - altcoins fall.
Right now, we are witnessing a powerful correction in dominance. This is a fact that new capital entering the market is buying more altcoins than Bitcoin. This also indicates that there will soon be a correction for Bitcoin, as money is similarly flowing from it into altcoins.
Therefore, we see Ethereum growing to $3,800 and other top coins doubling in the near future.
Currently, we might enter a phase of accumulation, and then consolidate below the diagonal support line and wait for altcoin growth
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