Alts Breaking Out Left & Right!

Alts Breaking Out Left & Right!

Bitcoin is trading within the wedge and has found support on the bottom twice in the last two days. The altcoin market is breaking out with the Others Dominance chart exiting the red zone. Bitcoin Dominance has moved from Green to Yellow which normally would be an exit point. That means that we should see a swing towards alts over the next while. With Bitcoin staying as strong as it is, an altcoin breakout will be very profitable. Some of the early movers last week are already in double digits gains and new coins are gaining momentum due to the increase in general interest in the alts market. Since we are capturing entry points before the bulk of the retail side is alerted of altseason, we’ll be able to ride the momentum as we build. This should be a pretty fast paced week with lots of progress on existing trades.

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