After the tariff tantrum between US, Canda, Mexico and China during the weekend, we saw
BTC again below 100K. But the weekly closure on the weekly chart in the
BTC weekly chart is still not broken. So, the
BTC bull run is still intact with short term hiccups.
But the topic of the discussion is not the
BTC price instead we are looking at the Dominance chart.
BTC.D is again above 60% even if
BTC is below 100K. The Alt Coins have lost more Market Cap during this weekend’s shakeout in comparison to BTC. But it is highly coincidental that the
BTC.D is back at the 0.618 Fib retracement level. The Fib retracement is plotted on the
BTC.D weekly chart. There is no Alt Coin season unless the
BTC.D breaks down decisively. Watch out if
BTC.D weekly close breaks below the 0.5 Fib retracement level. Until then stay long $BTC.
But the topic of the discussion is not the
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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.