Some would say the past weeks were crazy but honestly this was a well waited correction we have long waited for. On this not, I have closely examined BTC Dominance as it kept bouncing up and reverse creating a condense pattern towards the (green line) resistance. Lots of tests and failures have occurred proving that Bitcoin might be at its peak in term of market cap dominance.
57% for BTC Dominance could be another strong support for us to break as this support goes back out of shot to last year and previous years. This certainly proves that there are interesting times ahead to maximize profitability on Alts.
PS: Sorry for the indicators they don't mean much to what I am trying to explain.
https://www.tradingview.com/x/y62yXIwb/
57% for BTC Dominance could be another strong support for us to break as this support goes back out of shot to last year and previous years. This certainly proves that there are interesting times ahead to maximize profitability on Alts.
PS: Sorry for the indicators they don't mean much to what I am trying to explain.
https://www.tradingview.com/x/y62yXIwb/
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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.