BITCOIN DOMINANCE {update}: More gains for Alts vs BTC ahead?
Even though BTC.D doesn't always reflect the state of every individual altcoins, I still personally find it useful to refer to it as a measure of the level of "tendency towards risk-taking" in the market.
Trend wise, BTC.D is still conforming to the upward channel drawn.
However, recent history indicates that prices above the thick-grey LIVIDITIUM (LVDT) level is considered "overbought".
The PRISM's psar-derived oscillator also seems to be heading towards flipping "red" again and PRISM's momentum oscillator as well as the acceleration/jerk ribbon are now on a downward trajectory as well!
I speculatively predict that BTC.D will first go down the "pink" path (continuing a minor "alt season" vs. BTC, but not necessarily vs. USD save for a selected handful) -- with BTC dropping further and significantly more so than the alts (i.e. semi-decoupled), before rebounding at the next extrapolated LVDT level below, marking the continuation of the BTC parabolic bull market (leaving alts behind once again).
Trend wise, BTC.D is still conforming to the upward channel drawn.
However, recent history indicates that prices above the thick-grey LIVIDITIUM (LVDT) level is considered "overbought".
The PRISM's psar-derived oscillator also seems to be heading towards flipping "red" again and PRISM's momentum oscillator as well as the acceleration/jerk ribbon are now on a downward trajectory as well!
I speculatively predict that BTC.D will first go down the "pink" path (continuing a minor "alt season" vs. BTC, but not necessarily vs. USD save for a selected handful) -- with BTC dropping further and significantly more so than the alts (i.e. semi-decoupled), before rebounding at the next extrapolated LVDT level below, marking the continuation of the BTC parabolic bull market (leaving alts behind once again).