Evidence of Alt Season? Bitcoin Weakening!

Evidence of Alt Season? Bitcoin Weakening!

There are a few signs that the alts are starting to turn bullish. The market cap of altcoins has finally closed above the bull flag that we have been forming. We are also seeing a declining broadening formation on the weekly BTC dominance chart. The fact that we just rejected off of the top of that formation tells you that over the next weeks and months alts are going to have another run. Many coins are on the verge of breaking out of the red zone and we are watching very closely to see if there is a broad breakout. So far we have a few that have started, but the rest are on the back burner coiling for a jump. I’m betting we start seeing the directional change within the next 2-3 weeks.

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