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JamesRennie

Why I never liked the Alt season naritive.

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Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)  
JamesRennie  
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Support and Resistance Oscillators Moving Averages
3
24
supportandresistance oscillator movingaverage
For months BTC.D has been range-bound between 47.68% and 40.18%. I keep hearing Alt season is coming. When looking at RSI and MACD I don't see strong downward momentum. RSI does not even have much room before it would be oversold. It also has a clear bullish divergence on the weekly chart. Altcoins are further on the risk curve than Bitcoin.

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