Imminent 40% Bitcoin dominance collapse

For the last 18 months Without Worries has been tracking Bitcoin dominance, the idea is attached below. The above chart is a weekly chart.

Throughout Bitcoin dominance history a weekly life cross print has been anything but life giving. On the last two crosses:

No. 1, February 2017. Alt token market cap grew 52000%
No. 2, April 2020. Alt token market cap grew 3000%
No. 3, this will be the last hurrah before entering a 6 to10 year bear market.

For the 3rd time in history a weekly like cross has just printed. Looking left it is clear a life cross is anything but bullish for Bitcoin dominance.

In addition to the cross there is significant negative divergence. This divergence prints in combination with failed RSI support.

The months ahead are going to be the most rewarding we’ve seen in years. However I do maintain the point of view that not all alt.tokens will run equally in this cycle, such as ETH, LTC, to name a few. Some tokens will achieve 10 to 30x returns whereas legacy tokens will see frustrating returns. Choose wisely!

Ww

Dagangan aktif:

It has begun.
Resistance confirmed.

The most explosive alt.token market move since 2017 is upon us.
Bigger than 2021. This move is unlikely to include the larger caps.
Will explain elsewhere...