BTC.D 1D (CryptoCap) Descending channel breakout

This looks like a clear bullish breakout and retest for Bitcoin Dominance to me.
It makes me thinking that ALT market could suffer for next 2 months or so!
We may see a last pump from here and there but I believe this is the return of king BTC.
If this was tradable, I'd be longing on the zone, but since it's only an index, I will reduce my alt positions.

注释

My view would allow an alt season in November!

注释

Playing out almost exactly as planned...

注释

#BitcoinDominance is still going up!

注释

Rejected on highest parabolic curve

We could see a pullback to the lowest parabola letting ALTs breathe a little!

注释

Nailed it so far on #BitcoinDominance

I hope you shorted some ALTs or at least reduced exposure as I suggested several times!
I am now expecting that pullback before it resumes bullish.