I would not carelessly consider BTC dominance to be a non-issue.People are so sweetly enamored with the rising alt-market that this picture in general seems very dull and safe.
Yes, we have some chance of the diagonal (and there goes the EMA200 as well) being rejected.
But I don't like the fact that this diagonal test will take place in conditions where the candles are already trading
above the cloud. It is a completely uncertain situation. If there is a breakout, it will hurt everyone who has been
buying altcoins for the past two weeks.
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.