Altcoins Setting Up for Rally as One Metric Flashes Bullishness, According to Trader That Called 2021 Crypto Bull Run
A widely followed crypto analyst who called the 2021 crypto bull run says that one metric is flashing a bullish signal, setting altcoins up for a massive rally. In a new strategy session, pseudonymous crypto trader Dave the Wave tells his 153,100 subscribers on the social media platform X that the Bitcoin (BTC) dominance chart appears to be topping, which historically marks an upswing for altcoins. “BTC dom. Take your positions ladies and gentlemen…” Source: Dave The Wave/X The BTC dominance chart keeps track of what percentage of the crypto market’s total market cap belongs to the crypto king and is used to gauge the strength of altcoins. A look at the trader’s chart reveals that in 2021, when BTC’s dominance topped and reversed course, altcoins rose. Moving on to the flagship digital asset, the analyst says that Bitcoin has “plenty” of room for its weekly Moving Average Convergence Divergence (MACD) to run. Source: D...