Bitcoin dominance stands at 55% atm, and has been rising.
Hopefully this altcoin trend line can remain intact while Bitcoin does its thing.
Dropping below 68.. ish is a problem...clearing 815...ish can possibly clear the way to 90.. or so.
Hopefully this altcoin trend line can remain intact while Bitcoin does its thing.
Dropping below 68.. ish is a problem...clearing 815...ish can possibly clear the way to 90.. or so.
Note
Looking good so far. Basically a small, inverse head and shoulders forming on the low time frame (check the 60 chart). We are looking to see the breakout from my ellipse roughly match previous fractals... *I would include an updated chart here...but I'm new to Tradingview so I'm still figuring out how the charting and publishing works.
Note
Note
60 min chart. Obviously a bullish outcome is not guaranteed, but two bullish possibilities are sketched in... The blue line is a continuation up the trend-line. The red line is a transition to the trendline fractal followed by a breakup past the 81.5... resistance toward 90.
Note
You can zoom in on the main chart to see current status. Here is the 30 min chart currently. Since Bitcoin hasn't dropped more as of yet, there is altcoin buying volume holding this trend for now. 
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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.