Right here this spot we have been waiting for the past 2 years. This whole btc dominance was a bounce up from the massive dominance drop btc had in 2016/17. This altcoin bearmarket was orchestrated and suppressed by wall street/coinbase/bakkt and all there exchanges they have been launching, along with U.S. regulations taking forever. Why have they been doing this and extending it out as long as they can? Simple, coinbase is currently adding all the coins along with other u.s. exchanges opening that want control, so they can sell to the new u.s. retail buyers that will be flooding in next year, 2020.
They have been extending the btc dominance and altcoin bearmarket as long as they possibly could. But that is coming to an end soon. September is looking like when the reversal begins, if not by the end of this week August 20th. It may just be slow until the real fomo hits in 2020, not exactly sure how big it can get by the end of this year, there is not much time left.
The divergances seen here on the weekly OBV as long as it holds, and the 200 ema which is right above at about 75. But 71.5ish is close enough, or 1 more wick up is due which will initiate the start of the next alt season. This should make alts gain more % than btc the next 2 years, with btc dominance dropping from here all the way back down to 20-30.
Of course only the best projects and the right ones will gain the most soonest, but I can see even the shittiest of shitcoins exploding huge again, but maybe not until next year, 2020.
The pain is almost over, hold on just a bit longer altcoiners. :)
They have been extending the btc dominance and altcoin bearmarket as long as they possibly could. But that is coming to an end soon. September is looking like when the reversal begins, if not by the end of this week August 20th. It may just be slow until the real fomo hits in 2020, not exactly sure how big it can get by the end of this year, there is not much time left.
The divergances seen here on the weekly OBV as long as it holds, and the 200 ema which is right above at about 75. But 71.5ish is close enough, or 1 more wick up is due which will initiate the start of the next alt season. This should make alts gain more % than btc the next 2 years, with btc dominance dropping from here all the way back down to 20-30.
Of course only the best projects and the right ones will gain the most soonest, but I can see even the shittiest of shitcoins exploding huge again, but maybe not until next year, 2020.
The pain is almost over, hold on just a bit longer altcoiners. :)