I myself am an altcoin investor. As an altcoin investor I want to see Bitcoin dominance as low as possible. Here I'm presenting you with a simple BTC dominance chart and it's channel.
Last alt burst happened in that 13 consecutive day drop, which had us all going nuts. Then BTC took it's throne back a bit. Upper white arrow shows two descending tops, while the lower arrow shows increasing RSI indicator. That's quite a steep incline for the RSI comparing the two tops of BTC.D. That itself is bullish.
Second thing we can come up with is the Bitcoin block halving, which is scheduled around 13th of May this year - 44 days away. This makes me believe that Bitcoin could lead the way until block halving, touch the descending channel trendline, and come back down again a bit before halving. That could potentially be a signal for alts to "man-up". At least that's what history taught us.
What's your opinion? Are you excited about the halving? It's only a month and a half away!
Last alt burst happened in that 13 consecutive day drop, which had us all going nuts. Then BTC took it's throne back a bit. Upper white arrow shows two descending tops, while the lower arrow shows increasing RSI indicator. That's quite a steep incline for the RSI comparing the two tops of BTC.D. That itself is bullish.
Second thing we can come up with is the Bitcoin block halving, which is scheduled around 13th of May this year - 44 days away. This makes me believe that Bitcoin could lead the way until block halving, touch the descending channel trendline, and come back down again a bit before halving. That could potentially be a signal for alts to "man-up". At least that's what history taught us.
What's your opinion? Are you excited about the halving? It's only a month and a half away!