Update on the #altsesaon

As we've already shared the dominance chart with you that has broken out of its bearish channel which was bullish for ALTS. We are of the opinion that the explosive ALT rally we were expecting is on hold.

We've already discussed the Others Market cap support at $280Billion.

If we look at the Total-3 chart it holds a strong support at $830-840Billion.

As long as the support holds, we are in the bull market no matter what anyone says and the ALT season will follow in the coming months.

Sentimentally, we're standing at Neutral phase, historically we've gotten our ALT rallies triggered at the Fear/Extreme Fear stage. A tap into 840billion support would perfectly set us up for it. However, this means another 20-30% drop in Alts will not be surprising.

So The Bull market is not over as long as we stay above the mentioned level. The chart has an unconfirmed forecast based on this scenario. Feb will be green in our opinion.