quantmaven

Bitcoin Dominance: One last altcoin season (short-term view)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
On this chart you will find a zoom of the primary wave 4 of cycle wave C in the shape of a 3-3-3-3-3 triangle. There is only one leg left inside that triangle to finish the whole pattern. Whenever the Bitcoin dominance reaches secondary E of primary 4 of cycle C, the bear market will be over. This might happen this week-end with a last correction. I think this might just be the best gauge to know when it is time to get in, more than a specific level of BTC or ETH. I'm going to watch this signal instead. I drew the signal inside the triangle vs the altcoin index named OTHERS.
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