Mini "altseason" = Market exhaution?
It's like we woke up from a nightmare, isn't it? It seems that the market is showing clear signs of staying bullish although it is still not clear to me that the trading volume is exceptional. At this time, almost everything is going up although you should not cheat too much, BITCOIN is the one that is being accumulated the most and the one that is performing more consistently. At the dominance level, BITCOIN is hitting 48% hard, which previously acted as a downward spring in the previous 2 hits.
If we exceed this level, the closest dominance resistance is 60%... it still seems very far away and the trading volume should change a lot to justify such a brutal increase...
Today a "mini" altseason is more likely than a spectacular increase in BITCOIN in terms of dominance...
If we have a Mini altcoin season it would mean that the Bullish market is exhausted, isn't it?
In any case, I am glad we have broken the momentum.
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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