Bitcoin Dominance - Alternate Idea - Hard Bounce Imminent
Alternate Idea, we are actually still in a channel and bitcoin dominance is about to spike upwards (see previous ideas linked below).
Potential for inverse head and shoulders previously suggested to occur within this channel.
Target area is 69% range (where the line is drawn across the HSi).
Target after completing HSi would be the upper resistance area drawn at the top - a return to major dominance, a new all-time-high for BTC, and alts follow.
NOTE - I've also been considering it's possible that we may break down from this area, and instead see the alt market dominate prior to BTC rising (opposite to how things played out in 2017).
That said, a market crash is still a possibility if we drop hard below 60, but the alt gains lately point to either continued growth prior to BTC, or an imminent rise in BTC rapidly sucking up much of these gains.
Three different possibilities, let's see what happens. Maybe we just go sideways for 20 years instead ;)
Potential for inverse head and shoulders previously suggested to occur within this channel.
Target area is 69% range (where the line is drawn across the HSi).
Target after completing HSi would be the upper resistance area drawn at the top - a return to major dominance, a new all-time-high for BTC, and alts follow.
NOTE - I've also been considering it's possible that we may break down from this area, and instead see the alt market dominate prior to BTC rising (opposite to how things played out in 2017).
That said, a market crash is still a possibility if we drop hard below 60, but the alt gains lately point to either continued growth prior to BTC, or an imminent rise in BTC rapidly sucking up much of these gains.
Three different possibilities, let's see what happens. Maybe we just go sideways for 20 years instead ;)
