Hello, everyone!
Earlier we made analysis on Bitcoin Dominance where pointed out that it can reach 66% before altseason or reverse from 62.5%. Now it looks like we can see the second scenario because momentum is almost gone and we are about to see the second confirmation of trend change.
Let’s take a look at the weekly chart. Like the previous time we still have active red dot signal on Bullish/Bearish Reversal Bar Indicator [Skyrexio]. We have the great angulation with the alligator. This time we also have the double divergence with Awesome Oscillator which has been almost confirmed. We wanna see the three red columns in a row and this reversal is going to be strongly confirmed. The minimum target is 0.5-0.61 Fibonacci zone, but in case of true altcoin season we can see the new all time low.
Best regards,
Skyrexio Team
