Altseason is not cancelled
Altcoins are positioned to increase their dominance in case BTC initiates price discovery.
Nota
BTC dominance indicates market readiness for rotation, potentially into altcoins, if BTC dominance retraces due to its relative weakness not weakness.
Nota
ETH/BTC retrace to levels wehere ETH potentially can regaining strength, gives additional confluence for altseason possibility.
Nota
Stables dominance loosing uptrend can fuel risk-on environment, favoring altcoin strength.
Nota
Altcoin marketcap is being compressed between resistance and consistent higher lows indicating the market will make its decision soon. Technically charts favor breakout to upside.
Nota
Small cap strength could give fundamental backing to brewing risk-on environment, however the volume at the moment does not look promising regarding favoring the resistance break. However, the structure seems to be showing market may be in reaccumulating.
Nota
Dollar is at potential resistance and retracement could give crypto some additional liquidity needed for BTC to enter price discovery and allowing for altcoins to follow.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.