As posted previously BTC Dominance has remained in the same channel for a few months now..
Right around the end of April we saw a bullish divergence following a test of said trend line, once again we are testing the same trend line..
Although this time there is a seemingly different outcome, if we don't see a something similar to what we saw in April, a move down may be imminent, letting alts breathe some more.
Right around the end of April we saw a bullish divergence following a test of said trend line, once again we are testing the same trend line..
Although this time there is a seemingly different outcome, if we don't see a something similar to what we saw in April, a move down may be imminent, letting alts breathe some more.
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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.