We are in the fifth wave
If BTC drops to a new low and creates wave (c), the altcoins will experience an epic fall.
If BTC drops to a new low and creates wave (c), the altcoins will experience an epic fall.
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We can see in the chart that dominance first broke the declining trend line and is now testing it. Along with this trend line, MA 231 correlates. If dominance bounces off this trend line, BTC is likely to fall below 30,000 and the altcoins will experience a major crash.
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Dominance is at a critical point. It tests WMA 147, which was a support at the bottom of wave IV. Just below it is the WMA 200.
On the Daily chart we see a bullish divergence, which indicates the possibility of a reversal. If BTC has already peaked and dominance begins to grow, it means that BTC will begin to fall and altcoins will fall faster.