Part 2: Altcoin season
Next, after looking at BTC's Dom, let's go straight to the Altcoin Dom called Others.D, this is the Altcoin capitalization rate chart but remove the top 10 guys with the top capitalization / total market capitalization, want If you know who these 10 guys are, go to coinmarketcap and see.
On the contrary, BTC Dom, the more Others Dom increases, is the ALT season, which means the more money poured into Alt, the higher it is, the more it flies xxn times.
there.
First, picture 2 looks right at the green trend, it is a trend line throughout Alt's history, count how many times it has helped Alt reach there, if you calculate the TH price above, it is 3 times. The price chart touches the trend and then increases again. You try to see if those times apply to Altcoins like ETH or Doge to see if they match the bottom? Surprising, right?
Regarding time, we are in the 3rd Cycle, there have been 2 previous times with an increase of 28~29 months and a decrease of 16~17 months. According to that rule, we are currently in an uptrend that has only been going for 10 months and has not yet surpassed the peak. Another good news.
MACD has confirmed the uptrend but is in the accumulation zone and has not yet risen strongly. It is also reasonable that the timing is not enough.
Now this chart has 2 events happening:
1 - Capitalization decreased one more beat to test the green trend for about 2~3 months (around August 24) then started to uptrend.
2 - Because MACD is in dispute with each other, it is also possible that market capitalization will move sideways and accumulate, waiting for the right timing (probably around August) and then climb up.
So if TH 1 happens, alt can split in half again, and TH2 will waste time waiting when ALT keeps stalling and won't fly. After 4-5 months of impatiently waiting to sell it, it flew again. That's life.
So how to act to complete this plan, wait and see part 3
Watch more on YouTube and Facebook "Okane trading".
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