WATCH BTC DOMINANCE!
Bitcoins dominance is getting very close to our long term support once again weakening every time we bounce off of it. Last time we broke through this long term support we dove straight down to the 57% support but did rebound, keep in mind the distance between the long term uptrend support and 57% support was much much shorter. Now we are looking at a bigger drop and recovery, also if we did fall below to those levels we possibly could get rejected on the way back up. we do have the bottom FIB level as support too so i think we wouldnt fall too hard. The MACD is still bearish and the coppock curve is pointing down still. If BTCs dominance does start falling thats when altcoins will really start to shine outperforming btc in most cases. if we recover and start going up atcoins will still perform well and follow BTC. NFA just my opinion, definitely watch the daily close to get a better idea of whats next.
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