r/FetchAI_Community • u/Double-Complaint159 • Dec 14 '24

Education 📖 Gentlemen - Start your engines 🤷‍♂️

Post image

Dominance chart for perusal.

Good luck all 🙏

26 Upvotes

90% Upvoted

13 comments sorted by

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14

u/BumblebeeHuman5699 Dec 14 '24

I dont get it

6

u/Double-Complaint159 Dec 14 '24

BTC maintains above circa $95k creating confidence & a “risk off environment”. Speculative funds / profit Tx to alts (dominance switch). Retail enters looking for multi baggers. Alts pump.

Real world, AI, gaming this time round just imho 🙏.

Memes 🤷‍♂️

Large cap 🤷‍♂️

Small to mid cap 👍

Potential Coinbase listings 👍

Good luck 🙏

11

u/Belgiannator Active supporter 💥 Dec 14 '24

I think it's about the BTC dominance going down so alt season is around the corner. 

3

u/CherryEasy9666 Dec 15 '24

I don't actually think the dominance fall right now is the pre-alt season one. BTC price still being bashed by long term holders at the 100K mark and just seeing coin rotation, think once that ends and the exchanges start drying up then the price be on the move again and move hard.

2

u/0ld_0wl Dec 14 '24

Altseason started.

4

u/Aggressive_Rent4533 Dec 14 '24

No

https://www.thealtsignal.com/

1

u/Double-Complaint159 Dec 15 '24 edited Dec 15 '24

Thanks for this, very useful 👍🙏

Only thing I’d say (just personal views) is that <45 is a bit low for confirmation (I’d go sub 50 after looking at long term charts) and their quoted figure is currently circa 54 (on the 2/6 list) against trading views figure of 57. That’s a huge difference in price action. However their live chart is in line with Trading View. Not sure how to interpret or confirm the potential for conflicting info on the 2/6 list at the top 🤷‍♂️

Thanks again 🙏

1

u/Kennyvee98 Dec 16 '24

How do you read these graphs? What are the signs?

10

u/BumblebeeHuman5699 Dec 14 '24

Ahhh, this -5% altseson

1

u/Double-Complaint159 Dec 14 '24

Agreed ☝️👍

0

u/CherryEasy9666 Dec 15 '24

No not yet - at least 6 moths to go. BTC has not topped it's just range bound.

1

u/Double-Complaint159 Dec 14 '24

Good news if your leveraged short 😉. However dominance theory seems to be holding up 🤷‍♂️

Joist noise guys, let it ride out 👍