Image Source: Freepik
 

Good morning, Crypto traders! It was quite a slow weekend in the crypto market, as usual, but we can now see it stabilizing and recovering alongside stocks, as hopes for a US government shutdown deal lift sentiment. It seems that support is in place, at least a temporary one, so be prepared for a potential larger recovery in the coming days and weeks.

The Crypto Total Market Cap chart appears to have completed wave C of an ABC correction, suggesting that bulls could be back, especially if the market breaks back above the channel resistance line and the $3.7T area.
 

Crypto TOTAL Market 2H Chart
 

Additionally, BTC dominance is falling while ALTcoin dominance is rising, a classic sign that ALTseason might already be here. BTC.Dominance chart shows a nice bearish setup formation with five waves down, followed by an abc corrective recovery that can now send it even lower, especially if it slips below trendline.
 

BTC.D 2H Chart
 

Looking at the OTHERS (Crypto Total Market Cap excluding the top 10 cryptocurrencies) chart, it’s just about to break above its channel resistance line within an intraday impulse after recent complex wxy corrective decline. A stronger rally could follow soon, especially if it climbs back above the $270B bullish confirmation level.
 

Crypto OTHERS Market 2H Chart
 

Overall, ALTcoins could outperform Bitcoin in the coming days and weeks, as the ALTcoin Dominance (OTHERS.D) chart is already breaking higher above channel resistance line after a complex wxy correction, which is just another indication that ALTseason may have begun.
 

OTHERS.D 2H Chart
 

For a detailed view and more analysis like this, you may want to join our live webinar today on Monday November 10 @ 15.00CET. DIRECT LINK

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