Update: Alt Season 2021 - Peak Bull Season for Alt coins for Apr
-- Technical --
Bitcoin share of total market (dominance) is dropping to All Time Lows ( ATL ) and at this point money will flood into the Alt coin markets driving massive positive price action - ultra bullish for Alt coins.
We have a head and shoulders pattern on the 1W time scale (powerful signal) - super bullish .
Based on previous 17/18 fractals we could see BTC dominance drop to as low as 40-45%, will be equivalent to an extra USD250 billion flowing into Alt coins - ultra bullish
1W MACD is show increase momentum to the down side - bullish for Alt coins
IMPORTANT : BTC .D is best read on a 1 week time scale to remove now
-- Fundamentals --
Institutional players continue to purchase large sums of BTC - Grayscale purchased another $1billion in 24 hours.
Grayscale is a company that many large institutions use to buy and manage their crypto investments. Also investors can buy the stock or shares in Grayscale Trusts to gain exposure to cryptocurrency.
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
IMPORTANT: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
Bitcoin share of total market (dominance) is dropping to All Time Lows ( ATL ) and at this point money will flood into the Alt coin markets driving massive positive price action - ultra bullish for Alt coins.
We have a head and shoulders pattern on the 1W time scale (powerful signal) - super bullish .
Based on previous 17/18 fractals we could see BTC dominance drop to as low as 40-45%, will be equivalent to an extra USD250 billion flowing into Alt coins - ultra bullish
1W MACD is show increase momentum to the down side - bullish for Alt coins
IMPORTANT : BTC .D is best read on a 1 week time scale to remove now
-- Fundamentals --
Institutional players continue to purchase large sums of BTC - Grayscale purchased another $1billion in 24 hours.
Grayscale is a company that many large institutions use to buy and manage their crypto investments. Also investors can buy the stock or shares in Grayscale Trusts to gain exposure to cryptocurrency.
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
IMPORTANT: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
