Possibility of the BTC.D and the Altseason Senario
As you know, the whole BTC.D is in a bear market structure since 2016. if we look at the bear market structure of 2018 of BTC we see a similarity between the behavior of the BTC.D and BTC /USD
they both reacted to the main resistance level several time and each time they bounce less (lower high)
and each time they pass the resistance line (more depth and time)
I would say since the 2021 BTC.D is having a similar structure to the 39.8%, it might be the scenario that we have one more test of 39.8% and bounce back to 41% (the last jump), and then we have everything season (where BTC Dominance will fluctuate in the resistant line) and after few days/weeks alts will be outperforming BTC
they both reacted to the main resistance level several time and each time they bounce less (lower high)
and each time they pass the resistance line (more depth and time)
I would say since the 2021 BTC.D is having a similar structure to the 39.8%, it might be the scenario that we have one more test of 39.8% and bounce back to 41% (the last jump), and then we have everything season (where BTC Dominance will fluctuate in the resistant line) and after few days/weeks alts will be outperforming BTC
Mehran
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