Mini ''ALTs Season'' Possible ?
Most significant 'Pumps' has 2 pre-requisites:
Bitcoin and it's Dominance both rose in the previous period, whereas Alts were rising slower than Btc Dominance.
From left to right you can see the history starting September 202 with Dominance rising at 49 degrees and ALTs rising at 14 degrees (yellow letters and trend angle lines).
In the period after that and after BTC Dominance hit resistance, ALTs explode at 59 degrees (pink letters and trend angle lines).
What we have today is:
1. BTC Dominance at Resistance
2. Bitcoin Dominance coming with a rise of 30 degrees whereas ALTs at only 16 degrees
The 2 together show probabilities for an increased pace in the rise of ALTs. My projection is both optimistic and 'brave, and it shows a possible increase at 49 degrees from now till end of summer (could it be possible that ALTs see a 900 billion cap? not impossible according to the chart!) or a milder pace at 35 degrees to 463 Billion (the most likely scenario).
ALL RHESE GIVEN THAT BTC DOMINANCE FAILS TO BREAK HIGHER!
One Love,
The FXPROFESSOR
Bitcoin and it's Dominance both rose in the previous period, whereas Alts were rising slower than Btc Dominance.
From left to right you can see the history starting September 202 with Dominance rising at 49 degrees and ALTs rising at 14 degrees (yellow letters and trend angle lines).
In the period after that and after BTC Dominance hit resistance, ALTs explode at 59 degrees (pink letters and trend angle lines).
What we have today is:
1. BTC Dominance at Resistance
2. Bitcoin Dominance coming with a rise of 30 degrees whereas ALTs at only 16 degrees
The 2 together show probabilities for an increased pace in the rise of ALTs. My projection is both optimistic and 'brave, and it shows a possible increase at 49 degrees from now till end of summer (could it be possible that ALTs see a 900 billion cap? not impossible according to the chart!) or a milder pace at 35 degrees to 463 Billion (the most likely scenario).
ALL RHESE GIVEN THAT BTC DOMINANCE FAILS TO BREAK HIGHER!
One Love,
The FXPROFESSOR
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