BTC Dominance short term up
We are seeing btc.D in a descending wedge pattern. Short term we see bullish RSI divergence and I believe we have more upside short-term
When we reach top of the wedge I believe we will then go down and likely break through the bottom support
BTC.D may help navigate what asset (bitcoin or alts) are better to hold. I do think short-term this uptrend will coincide with a Bitcoin drop to ~ 30-34 k.
As such, ALTs will bleed in the short term.
In long term if the triple bottom is broken to the downside that may signal a large rally for alt coins
for education purposes only. Appreciate discussion
When we reach top of the wedge I believe we will then go down and likely break through the bottom support
BTC.D may help navigate what asset (bitcoin or alts) are better to hold. I do think short-term this uptrend will coincide with a Bitcoin drop to ~ 30-34 k.
As such, ALTs will bleed in the short term.
In long term if the triple bottom is broken to the downside that may signal a large rally for alt coins
for education purposes only. Appreciate discussion
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.