It seems that the BTC dominance just hit a crazy number and in my opinion it's about to go down!
Note
According to the break out of triangle, we just hit the main target. What does this mean?
In my opinion this mean that BTC will take a little break, and altcoins will start to move up!
Note
There might be another possible scenario in play.Here is:
Trade active
Trade active
A consolidation at this level will be another good entry point for alts! Be patient and wait for a good entry!
Note
Possible scenario: A break above 73 will send us much higher!
Trade closed: target reached
We hit our target! I just hope this dominance will keep going down, because this way altcoins will have a nice move up!
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.
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.