Bitcoin Dominance Make or Break Key Level any moment
Updated
I expect a sharp rise from here, but a breakdown is possible after multiple touches as well. See past chart predictions. Altcoins will be affected in a major way here.
Here's my theory, we've seen massive alt gains lately, and a ton of huge recoveries. Top alts like Link going into full FOMO mode. I believe these profits will shift to BTC
as BTC is what most players hedge against in the alt market, not USD. I could be wrong, though - plan for every scenario and be prepared for surprises.
Volume profile expects us to be a bit above 67%, if that occurs quickly, alts will experience sharp drops in many places (a handful will still rise w/ BTC either way though, some with larger gains against it)
Here's my theory, we've seen massive alt gains lately, and a ton of huge recoveries. Top alts like Link going into full FOMO mode. I believe these profits will shift to BTC
as BTC is what most players hedge against in the alt market, not USD. I could be wrong, though - plan for every scenario and be prepared for surprises.
Volume profile expects us to be a bit above 67%, if that occurs quickly, alts will experience sharp drops in many places (a handful will still rise w/ BTC either way though, some with larger gains against it)
Note
The longer we stay here, the stronger the move will be (up or down), get readyNote
A very strong move down could take us to 57.5ish area or lower, and a very strong move up could take us to 64.59 or higherNote
Alternate theory - we break down, but still have a strong market. Altcoins rise first this time, before BTC makes it's next leg up.
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