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22 April 2021

How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season

How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season


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How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season.

With top alts like Ethereum and Litecoin are seeing an even further drop on BTC trading pairs, Bitcoin dominance has formed a bullish engulfing candle just as a key technical indicator reach overheated status.

However, during today’s crypto market bloodbath, the metric began to make a comeback and has formed a bullish engulfing candle.

If bulls can begin the comeback starting with a bullish engulfing today, and close out next week with a powerfully bullish move, a morning star doji pattern will be left on weekly charts, adding yet another signal that an extended reversal could result

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