Altdominance Reversal Soon
Many alts are making new ATLs or are at lows against BTC presently.
Others dominance has been in a parallel uptrend since breaking and holding above ~4.5% and reaching levels above 10% market dominance for the first time back in 2017.
We haven't quite made a 3rd touch to confirm the channel during more recent lows in June of 2023 and again in August this year.
Still, the channel and indicators are pointing towards a move back up towards channel top. The question is:
Do we move up without touching channel bottom first?
Or, will we see a final move back around 8%, making a higher low and touching channel bottom prior to moving up?
Others dominance has been in a parallel uptrend since breaking and holding above ~4.5% and reaching levels above 10% market dominance for the first time back in 2017.
We haven't quite made a 3rd touch to confirm the channel during more recent lows in June of 2023 and again in August this year.
Still, the channel and indicators are pointing towards a move back up towards channel top. The question is:
Do we move up without touching channel bottom first?
Or, will we see a final move back around 8%, making a higher low and touching channel bottom prior to moving up?
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