Dominance is NOT looking good for alts.

What do we see on the chart? Equal highs, BTC Dominance with impulsive move to the upside. This is not the time you would like to be trading alts with ease.

Dominance rapidly going up means most alts are on very bearish trends versus bitcoin. And in times like this where traders want to cut their risk, it is natural.

We see more upside for the dominance chart which means it is still not the time to scale into alts.