Skyrexio | Bitcoin Dominance: Altseason Is About to Be Cancelled

Hello, Skyrexians!

We know how you wait for the altseason, but market is about to make the new shakeout! The BTC.D drop in November 2024 gives us the belief that all altcoin holders will be rich, but it has started to go up again with slow altcoins bleeding. Now we have the last chance to be saved. If now, say hello to new lows for altcoins.

Let's take a look at the daily chart. Dominance dropped after printing the Bullish/Bearish Reversal Bar Indicator [Skyrexio]. We still count this wave as the wave 1. The wave 2 in our opinion is happening now. This wave has the ABC shape which has the chance to be finished now inside the Fibonacci 0.618 target area. Moreover we can see red dot on the indicator. Next week will be decisive for crypto market. If dominance will decrease from here we will see the altseason soon.

Best regards,
Skyrexio Team

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