Weekly Bitcoin Dominance (Oct 27) Big Crash is coming ? Careful!#BTC $BTC #XBT $XBT #DOM $DOM #BEAR #BEARISH
Once again, we have a coincidence of timing in the price charts. It seems that we are really about to enter a really BIG BEARISH phase when :
- BTC is likely to drop to 6000$ in Jan-01 2020
- BTC Dominance is also analyzed to peak 77% on Jan-01 2020
My analysis will be broken if BTC rises above 12500$ and BTC Dominance falls to 66%. We will have a completely different analysis
However, when everything is about the same time, it's time for us to really worry
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DOM
80% DOM?Becoming more and more likely now that the daily closed the way that it did. Completely out of nowhere but at least now we can be sure to short ALTBTC pairs and rides the BTC bus until possibly December. Its gonna suck for Alt bulls. We need to wait and see how the weekly closes for a confirmation but for me this is evidence enough of conviction towards 80%.
Good Luck Out There,
Mr. Manbearpig