BTC dominance short to 40% Mini alt season in January?
Not financial advice
The 2 indicators here on the weekly show on the stoch rsi and also on the Fisher the BTC Dominance is overheated and needs a retrace roughly to back to around the 40% level
That should be the last pullback before it takes off to go after a 46-48% market share
Alts could have a little room to move here in January.
Break thru the 42.4% range look for fib level next up.
One week chart so these moves aren't overnight.
Always practice patience. It pays off.
#PIK
Patience is Key
#TLAW
Think Like A Whale
The 2 indicators here on the weekly show on the stoch rsi and also on the Fisher the BTC Dominance is overheated and needs a retrace roughly to back to around the 40% level
That should be the last pullback before it takes off to go after a 46-48% market share
Alts could have a little room to move here in January.
Break thru the 42.4% range look for fib level next up.
One week chart so these moves aren't overnight.
Always practice patience. It pays off.
#PIK
Patience is Key
#TLAW
Think Like A Whale
Note
Once we see BTC dominance get rejected at 42.4 42.5% level This is where u would want to buy your altcoins.
So as BTC dominance drops we can gain 15-20% gains on alts until their final drop when BTC dominance takes over
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.