$BTC Dominance Signaling the next price run up
Bitcoin dominance has been in this range for months now.
Typically when dominance starts increasing off the bottom of the range that is a leading signal to a price increase and vice versa.
You can see on 9 Dec dominance started to rally off the bottom while price action was still falling and now we are seeing a small rally.
Will be interesting to see if this signal maintains its accuracy going into year end.
Typically when dominance starts increasing off the bottom of the range that is a leading signal to a price increase and vice versa.
You can see on 9 Dec dominance started to rally off the bottom while price action was still falling and now we are seeing a small rally.
Will be interesting to see if this signal maintains its accuracy going into year end.
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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.