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Btcdominancechart

BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible. On the other hand, this may also mean we that are nearing the end of our bull run (within months).
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
2
#DOMINANCE Should Fall! But for how long? On demand Chart!Dominance bounced around the 57 level in September second week. That was the time when I posted a chart and warned everyone to hold more BTC and minimise your exposure in altcoins. Since then we have seen correction in altcoins for almost 76 days. Now it got rejected from the upper trendline resistance of the channel. What can we expect now? I am expecting Dominance to fall from here. 64 Level was crucial and it already broke below it and currently retesting this level. Alts. must perform well for at least next 3 to 4 weeks. Alts are taking a hit right now while BTC is under a short term correction. The next crucial levels to watch are 61.20 and 58. If Dominance breaks below the 61 level the alt season may get extended to almost 56 days. History says Nov to Jan are good for altcoins. I am holding the few altcoins that I posted like BLZ CTSI DUSK PPT and will add more on confirmations. I will be posting altcoin setups soon, stay tuned. Do hit the like button if you like my simple updates and share your views in the comment section. #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
27