#MarketGreedRising Four indicators that indicate that the altcoin season is starting (probably starting next Monday)

1. Bitcoin dominance (BTC DOMINANCE) broke the support line and fell below the 60% mark.

2. Total market value excluding Bitcoin (TOTAL2) has entered the resistance zone and is above the 200-day moving average, which indicates a strong possibility of breaking this resistance.

3. The value of all altcoins against Bitcoin (OTHERSBTC) has touched the support level on the one-month timeframe and has started an upward reversal, with two strong weekly bullish candles in a row and a slight rise above the Falling Wedge resistance level, but the break of this resistance has not yet been confirmed.

4. Bitcoin has entered the resistance zone on the weekly timeframe and is set to start a parabolic movement after breaking this resistance, which may reach the level of 150,000 Saudi riyals. Some friends see Bitcoin dominance in conflict with the altcoin season. This means that they think that if Bitcoin dominance falls, the price of Bitcoin should fall, which is not the case. The decline in Bitcoin dominance means that altcoins will rise several times faster than Bitcoin, but Bitcoin will continue to rise relatively slowly.

Of course, these scenarios will come true while major economic changes that could harm the demand for the cryptocurrency market as a whole do not occur. (Never rely on technical analysis alone).

Friends who are losing their money due to haste, please be patient.

Hoping for the victory of all Afghans who work in the financial markets.