Altcoins | Reversal Pattern?
Altcoin market TA looking pretty good. As Bitcoin's price exploded this week, a retrace can be expected, while altcoins can regain some of its momentum the coming period. The Bitcoin Dominance chart (BTC.D) shows us a retrace in price, while the whole Altcoin market chart (TOTAL2) just broke a key resistance level. This means that money from Bitcoin is moving back into Altcoins (Bitcoin dominance falls > Altcoins regain and vice versa). However, the 200 Moving Average of Bitcoin just made a new all-time high, what is very, very bullish (+ People Fear Of Missing Out). Will we see a higher high for Bitcoin, or is this the perfect time to buy altcoins again?
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