Dominancebtc
This end of the year bitcoin will show why is the #1We have the famous double bottom that everyone is talking about.
I mark a horizontal resistance that in my opinion is where it will stop shift to the upside. However, if we cross the line with high volume there is a chance that we see a continuation.
If the latter happens I believe that it will end up somewhere inside the rectangular area. There is a lot of volume on that region an it could ether be what it stops the trend or where it consolidate and move horizontally.
Btc dominance will top at 52 percentWe have a divergence in monthly Rsi
Which will end if btc dominance reaches 52 percent.
If history repeats itself in fractals, dominance pullback will be to fibo level 0.38 and almost 0.5
Which approves the monthly divergence
So a possible fractal and a monthly divergence
Bitcoin Dominance is bullish So Altcoins will Red more#Bitcoin Dominance Chart:
#BTC Dominance bullish above 43.60% and this will be very bearish for #Altcoins
I am expecting Some relief in Altcoins so we can see some retracement in Altcoins.
if 2D candle close above 43.60% then #Alts will be bearish.
Altcoins Now Entered In Bearish zone because Dominance Broke out#BTC Dominance Chart Update:-
#Bitcoin Dominance broke the resistance.
And trading above 42% which is Bad sign for Altcoins.
Now..?
Above 42% is not good for Altcoins.
We can see Altcoins drop.
And next resistance is 44.55%
Again if Dominance go below 42% then good otherwise Altcoins will be bearish.
Good entry in Altcoins will be when Dominance hit 44.50%
Support:- 42%
Resistance:- 44.50%