peterbhc

BTC.D in parallel channel

peterbhc Uppdaterad   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
I can see BTC Dominance rising to the upper channel over the next few days and peak for a reversal.

My guess is that BTC Dominance will rise due to a Crypto Market price pull back and BTC will retest the breakout below 20K. (my area of interest is 19500-19700)

At that pullback I believe will be prime time to spark an ALT rally, causing BTC Dominance to visit the lower boundary of the parallel channel and confirm RED TREND breakout.

Good Luck


Kommentera:

Total 2: watch for a pullback confirm S/R/ flip at 50% retracement and then trend breakout.
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is this the local top for BTC dominance? I added to my ALT positions with that draw down.
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Dominance target reached. I believe that from here, ALTs will begin a strong rally and remove some dominance from BTC
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