jdurand21

BTC Dominance hitting 3 monthly trend lines

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
I always play monthly trend lines and very rarely see 3 printing such clear resistance lines. I don't think that BTC could break 2 much less 3 of these. If it broke all 3 than set your buy orders because it is going to the moon. I would expect a rejection and money to flow back into alts. Being that the path for BTC would have to come from an extreme sell off of BTC with a smaller sell off of Alts (Which never happens) than we must assume that the market is going to stay bullish with an alt run coming soon. Not impossible BTC breaks out at the expense of Alts but I find this unlikely.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.