We have had a series of higher lows since the beginning of September 2019 against Bitcoin. And right now we just formed a double bottom pattern... Is this second biggest crypto going to make bitcoin dominance really go bearish soon?? I am sure it would have already done so if ETH 2.0 was ready by July as we thought... Even though, fundamentals as ethereum wallet...
Looking good, the price formed a longterm base and right now the upward trendline continues. We also formed a bullish engulfing candle last week... Here are some resistance levels we should keep in mind. I think that this is going to be tied to ethereum as well as cardano and vechain.
Is Bitcoin going to let alts get some more room to grow? Looks like it will! Let's not forget that even if defi coins and some others small caps are already having crazy returns, the bigger cap alts like eth, ltc, bch, xrp are still in a downtrend. That means that if BTC dominance falls below 64% and makes a lower low, it could confirm a start of a downtrend and...
I believe that depending the developments with coronavirus, the decisions the leaders of the Eurozone are going to take and how the southern countries are going to respond to their debts, are going to be crucial. There are 2 options, either uncertainty is going to make US dollar stronger against all other currencies as people are going to look for a safe heaven...
Last weekly candle today closed as a bullish engulfing. Cup with handle reversal??