看空

#BTC Dominance broke down, ALT SEASON Incoming?

已更新

Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Do not forget to read the other analysis I've recently posted.
Links are given just below this update.

let's get to the chart.
the dominance followed my previous analysis perfectly and broke down below the triangle.
We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs!
however, it's important for us to analyze from every aspect of a chart.
We need the dominance to break and close below this 100D MA.
It's an important factor to trigger the Altseason.
keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red!
The breakdown target happens to be somewhere around 39.xx levels.

What's your thought on this?

Do hit the like button if you like this update and share your views in the comment section.

Thank you

#PEACE 

交易進行

Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-

1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.

Two more reasons, click on the chart below to read the complete analysis part II .