As BTC Dominance approaches all-time lows and shills are screaming "alt season", it is important to keep our eyes elsewhere. Yes, it is true that alts pump as dominance falls but there is a bigger picture playing out that is much more important. This is the possible start of a bear market because last time we saw dominance this low, BTC dumped over 60% in less than a month and almost 80% on the year. The alt market cap took a bigger hit during the same time, dropping over 90% A weekly close above 40% on the dominance chart would be a good sign for the bulls, but things aren't looking the best. If the bearish scenario plays out, it would also coincide with the massive head and shoulders pattern I posted here: The clock is ticking for BTC with these two bearish scenarios threatening to repeat, but I'm still buying the dip.
I agree crypto influencers are at it again misleading retailers it’s 2018 all over again I see btc.D forming bullish divergence on the daily it will be triple bottom and retailers will be left holding bags.