Continuing the chart I previously posted
source chart.cointrader BTC.D+ETH.DIt's either for both dominace will go up again to the first green box or straight down to the bottom
source tradingview Weekly Chart on BTC and ETH 2017-2018
source tradingview Weekly Chart on BTC and ETH nowIn my opinoin, BTC will make a lower high, but ETH will make a slightly higher high, and thats when most of alts will explode *fingercross*
There are other indicators why I believe in alts season more and more. I got this from Blockchain Backer and I agree with him because it makes sense. It's about the Market Cap of Bitcoin, Ethereum and Altcoin
BTC Market Cap hitting 4.236 Fib Extension
ETH Market Cap hitting 4.236 Fib Extension
Altcoin Market Cap with 60% before hitting 4.236 Fib ExtensionAs we can see in the 3 charts above. Only 1 chart has not touched the target of 4,236 Fib Extension and that is Altcoin. It's more than 50% of alts hasn't doing anything (the old ones, like ZEC, BCH,ETC, LTC, EOS... and more) It could be that the cycle is changing and the alt season has already happened to some coins, and now it's time to enter the bear market. But! ... i'm still believe on Alt season on Q1 2022.
More chart has been posted here! check it out! TA and CHART
I posted some of my fundamental knowledge here! check it out too! Recap Analysis
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