cryptodads

BTC Dominance Weekly and Daily

I found a great channel on this chart.  Currently showing no chill on its grind up.

Looking at the daily, I made a circle where the .786 Fib meets the top of the channel.  That may not be THE top, but it would probably signify a local top that leads to an alt coin rally.  

If QE starts and this channel breaks down, I will feel pretty good that we are entering a full blown alt season.  

You could see how all of this is starting to line up.  A spike in yields, a dip in markets send BTC Dominance higher, fed pivots to "save the day", we get a higher low on BTC and markets surge.

If we get this dream scenario, be prepared to sell and then sell some more.  A crash on the other side of it is too real a possibility to get greedy and hold positions for too long.