Bitcoin Dominance Falling, Altcoin Sesaon?

kyer의

Zooming out a bit here on the dominance chart looking at the 2-day timeframe, you can't really grasp the entirety of the Bitcoin Dominance if you're looking at a 1H chart, this doesn't work like that
Ok i've done multiple breakdowns before with this same chart, but I enjoy updating this chart every once in a while for you guys and me to look at.
After the altcoin season in 2017, the BTC dominance ratio dropped to a record low of 35.75% and I drew a line of support there as well as an uptrend connecting from the swing low of that move to the next swing low.
Finally two years later since I've had this line drawn out and the ratio peaked at around 72%, the 3rd point confirming the uptrend finally came into play and touched the top of the trend.
These next few weeks are going to tell us now if we're having an altcoin season this year or just being teased again.
Are we going to see Bitcoin dominance spike back up and see a new inflow of money into BTC instead of an altcoin season? kinda unlikely now, as the general trend on the 2-Day is bearish. Bearish as in decreasing % dom. not Bitcoin going down in price
I believe BTC will still rise in price but these altcoins more specifically DeFi projects such as LEND, KNC, KAVA, MKR, COMP, OMG (just to name a few) will and already are leading this altcoin season.
This trend line should break and we could see another 2017 altcoin season here pretty soon. The hype of the 2017 altcoin season is definitely here with exchanges like Binance & BitMEX putting out record numbers of users per month.

As always please do your own research, I am not a financial advisor.