BTC-dominance update
Currently TA on BTC dominance-chart - two scenarios become more apparent
Scenario one with Btc-d topping at 66.66 which, it did and scenario two topping at 67.12
- looking at the two tops formation from back in may with nicely accurate overall trend
and formation patterns, we may be in the beginning of btc dominance retracement.
Or we may see the last power of a small rally to hit 67.12 and then retrace from there.
After down retracement below 65 and 64 - further below key level 63.37 is the
important level to watch.If we get a nice confirmation-close below 63.37
then this could be used as a strong sign for the begining of pre-Alt season with
substantial alts growth and leading to a confirmative Alts season after break below 57.13
Scenario one with Btc-d topping at 66.66 which, it did and scenario two topping at 67.12
- looking at the two tops formation from back in may with nicely accurate overall trend
and formation patterns, we may be in the beginning of btc dominance retracement.
Or we may see the last power of a small rally to hit 67.12 and then retrace from there.
After down retracement below 65 and 64 - further below key level 63.37 is the
important level to watch.If we get a nice confirmation-close below 63.37
then this could be used as a strong sign for the begining of pre-Alt season with
substantial alts growth and leading to a confirmative Alts season after break below 57.13
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