BTC dominance (Y20.P3.E19).More to the downside
Hi All,
As we have seen lately with the ALTs making moves, one should also be ready for opportunities when BTC has its turn.
Looking in the long term, I see BTC dominance dropping however I don't envision it going in the straight line.
So be cautious as to when you flip from Alts to BTC to Alts.
At this point, I'm looking for a few daily candles to hold up BTC before a small bounce but its not there yet.
Note: 73% dominance was the top.
Cheers,
S.Sari
As we have seen lately with the ALTs making moves, one should also be ready for opportunities when BTC has its turn.
Looking in the long term, I see BTC dominance dropping however I don't envision it going in the straight line.
So be cautious as to when you flip from Alts to BTC to Alts.
At this point, I'm looking for a few daily candles to hold up BTC before a small bounce but its not there yet.
Note: 73% dominance was the top.
Cheers,
S.Sari
Kommentera:
Kommentera:
Explains why the Alts are droppign
Kommentera:
I was looking at BTC dominance today and thought there will be a bounce ...but slowly. Not to be so. I think it hit the mark and now it will settle down for another ALT rally
Kommentera:
Kommentera:
Target reached and now a bullish divergence taking place, hence explains why many of the alts are dropping. In some cases, the ALTS have reached their target.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Soon another bounce with the dominance. Question is, is it to a BTC price drop or price rise? I'm bullish, price rise?