countries making meme coins and rugging them, Celebritys coming into the space and extracting milions, nothing but crime recently. Even if its not the top and im wrong, there is far too many top signals too ignore.
i noticed this on BTC.D this morning ( if you dont know what this means its Bitcoin dominance ) And usually when this goes up Alt coins get Crushed.. so i am printing with shorts and i notice the BTC.D has Bullish divergence on the daily, and we have confluence with the Alt coins showing Bearish divergence on the daily. So im not saying For sure a correction is happening, But it does seem more probable at this point. i Dont see any value in longing untill the monthly has reset, and this could mean more massive draw down on alt coins.
Total crypto market cap peaked at around 3 Trillion, alot of it was Vaporware and Memecoins going to bilions of dollars in market cap etc.. alot of them still holding billions in value, so Maybe Total will go back to 2023 bear lows of under 1 Trillion.. Obviously this would be devastating too the crypto market, But its just a specualtion of myne when it comes to these " cycles " coming to a end.
Bitcoin Dominance chart is Bull flagging on the Daily, with Hidden bullish Divergence, While The SUI chart on daily has Bearish divergence, Lower highs on price
