Below are 3 charts
BTC dominance got rejected at 59%
TOTAL crypto market cap going up
Total alts excluding btc and eth is going up.
If BTC dominance continue to go down while total market cap goes up, we can expect alts to pump.
As i shared previously, the btc dominance has formed a raising wedge for 3 years with the lower trendline sitting around 57.3%
People are getting bullish. We are nearing the ATH. We are closed a candle body above previous ATH which is good.
Things can happen quick.
Going long now isnt the best idea. Wait for a retest of the bullflag we had broken.
The lows for alts are most likely in. RSI indicates we are far from overbought for alts.
Be ready for a pullback still. Im eyeing 785B for total 3.
Goodluck to us.
