Hello everyone! Earlier, I presented an analysis indicating the formation of an Ending Diagonal in wave C on the Bitcoin dominance chart (BTC.D). The structure included five waves with a zigzag shape, overlapping waves 1 and 4, as well as a contracting wedge — classic signs of an Ending Diagonal. Additional signals, such as bearish divergence on the RSI and declining volumes, confirmed the completion of this formation. Binance
At the moment, BTC.D has reached a key level coinciding with the 0.618 Fibonacci projection and has begun to decline. This indicates a redistribution of capital towards altcoins and a possible beginning of altseason.
If the decline in dominance continues and breaks the 62% level, it will serve as additional confirmation of a trend change in favor of altcoins. We are monitoring the developments.
#ALT #altsesaon #BTC $BTC $ETH $XRP
