ALTCOIN DOMINANCE GLOBAL UPDATE
As you can see, an Altcoin Dominance moves quite
symmetrically and cyclically. There is an ascending channel that started forming back in 2016 and is
still valid.
Currently, we are close to the
down border of the channel. I told that altcoins moves "cyclically" because they are also play around the
Bitcoin's Halving:
- Usually, they reaches the
bottom 8-9 months before the halving and the top
11 - 12 months after the halving. At the moment we have 11 months left before the 2024 halving.
At the moment we just need to
wait for the dominance to
reach the bottom of the ascending channel. Once it will be done, we will need to look for a
new narrative that brings us the biggest profits! We are close.
