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The weekly and long-term time frame chart is correct: Of course, if we logarithmize the chart, we are still below the long-term trend line, so there is a much greater possibility for Dominance to go down.

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In the Dominance Bit weekly chart, we can see the triangular trend line, which shows the compression of the chart, it has broken the resistance line, if it stabilizes above it, it can reach 65, but it is likely to reach the middle line of the trend in the next few months, that is, in the next three months. Dominance was at 46 and in these three months altcoins had a better growth than Bit

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Note: All analyzes are only based on personal opinion and there is no certainty in the market, so for trading, listen and see the opinions and analyzes, then trade with your own responsibility. For several reasons, the historical ceiling may be broken for about three months, the previous technical intensity. Historically, negative news such as Matt Gax exchange payments, the American elections, the maximum correction is up to 56700, because if it falls below that, the market situation will be disturbed, because the bottom will hit lower and it will take a long time to break the historical peak, or a bear market will start, according to the photo of the chart I posted, probably in early November The month had 79,000 bits
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.