Market Cap BTC Dominance, %Panjang
The BTC.D Fractal You Didn't Want to See
Was just checking up on the health of alt season when I realized that the chart looked real familiar...
Of course, it's a fractal, so all the usual caveats apply. But the similarities are striking - even the timeframes match. *Arguably*, alts have been in a bear market vs BTC since their peak (i.e. BTC.D low) in Sep 2020. An alt crash would be a continuation of this larger trend.
I'm just sharing what I see - I would love it if alts continued pumping for a few more months. But this does give some cause to be wary of HTF Alt/BTC long plays until BTC.D more convincingly pushes below support at 60. Let's see what happens.
Of course, it's a fractal, so all the usual caveats apply. But the similarities are striking - even the timeframes match. *Arguably*, alts have been in a bear market vs BTC since their peak (i.e. BTC.D low) in Sep 2020. An alt crash would be a continuation of this larger trend.
I'm just sharing what I see - I would love it if alts continued pumping for a few more months. But this does give some cause to be wary of HTF Alt/BTC long plays until BTC.D more convincingly pushes below support at 60. Let's see what happens.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.