Short

Bitcoin dominance is showing a move on the RSI on a weekly scale

Bitcoin dominance is showing a weekly RSI cross. It is likely that Bitcoin dominance will increase. This could be as a result of a break up or down. If up then I would sell ALTS to Bitcoin. If down then I would go to a stable coin. Be very careful. Bitcoin is also showing a sequential 9 sell on the weekly. The confluence here is screaming for a swift sell off, and a resultant increase in Bitcoin dominance as ALTS dump violently. As we are so correlated to the S & P 500 I would watch for a break down in that market first, with Bitcoin to follow. Be careful. Take profits.

UnknownUnicorn1846081

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.