BTC.Dominance (Y20.P5.E5).Not many expected this?
Updated
Hi all,
I bet not many expected this when BTC dominance was heading down.
The question now is, what now?
For the ALTs to come into play now, BTC must hold this level and\or go sideways.
Its too early to say but it might just hold above 22K.
On the daily and above, I still have upward pressure with BTC dominance. Below I have the weekly chart which looks like a typical widening fan with ABCDE pivot points breaking to the upside.
Looking a the structure or indicators doesn't really give us a clue except that it has hit resistance on this macro formation.
There is a possibility that BTC dumps and hence it holds BTC dominance in a negative way.
I'm not going to attempt to guess what is next because many people got it wrong... did I?
Check my links below.
Some of the ALTs are going to go for it, ETH is one of them I suspect based on this chart.
All the best,
S.SAri
WEEKLY chart
I bet not many expected this when BTC dominance was heading down.
The question now is, what now?
For the ALTs to come into play now, BTC must hold this level and\or go sideways.
Its too early to say but it might just hold above 22K.
On the daily and above, I still have upward pressure with BTC dominance. Below I have the weekly chart which looks like a typical widening fan with ABCDE pivot points breaking to the upside.
Looking a the structure or indicators doesn't really give us a clue except that it has hit resistance on this macro formation.
There is a possibility that BTC dumps and hence it holds BTC dominance in a negative way.
I'm not going to attempt to guess what is next because many people got it wrong... did I?
Check my links below.
Some of the ALTs are going to go for it, ETH is one of them I suspect based on this chart.
All the best,
S.SAri
WEEKLY chart
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