Evidence suggests that in order to be able to predict the onset of the Alt season, we need a descending bitcoin dominance. According to the 10-days analysis of the Bitcoin dominance, the probability of the formation of an Expanded Flat pattern structure is very high, and the targets for this downturn are in the range of 57.67 to 51.61.
BTC.D :
On the other hand, by considering the bitcoin chart itself, and monitoring the RSI in the balance area (middle) range, it is possible that after a sharp uptrend, the price is in resting position, and forming a Triangular pattern (The range moving in this area)
On the other hand, by examining the dominance of the Ethereum, Ripple and other currencies, we can have a count for their uptrend movement, and increase of dominance for them
For example, for the Ethereum
For Ripple
For Dot
Also, in most currencies, we can see an increase in the dominance, which by itself indicates an ascending trend for these currencies. In addition, by monitoring the status of the coins such as Ripple, Ethereum which have been shared previously, we can see the price increase clearly. There is question now,
according to this scenario, which one of these currencies are better to buy:
- ZEC, which according to the analysis can increase up to $ 350
- TRX, which can increase up to 0.08 to 0.18
- ETH, for $ 2560 targets
- Link, for $ 90 to $ 100
- DOT, which is referred as an Ethereum replacement
-QBX, that the analysis was shared in the last 5 days, has experienced a nearly 200% price increase so far.
Last but not least, Ripple, I personally find Ripple very prone to price increases, and whatever analysis I do, I reach a very fantastic uptrend outlook for the currency. That's why I keep it in my portfolio.
Caution:
All of these comments and scenarios are completely personal.
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