BTC dominance (Y21.P2.E1).Bearish trend approaching D.Bottom

Hi Traders,

I havn't looked at BTC dominance for some time so I think its worth looking at it for confirmation and what is coming our way.

Looking at the chart, we can see not long in the near future, we will get a double bottom and so what can we assume or derive from this.
a) BTC dominance will go up with the double bottom
b) Either BTC spike to the upside or dumps hard when it reaches its target.

Looking at the BTC structure, price is getting tired and hence I would think BTC will drop hard based on what we are seeing with BTC.
It might be this scenario where we visit the weekly 10 or 20 ema.

So we better keep an eye on this and look for bullish divergences on the shorter time frame and then move towards the daily.
If you have ALTs then, flip to BTC or cash.


All the best,
S.SAri

PREVIOUS BTC DOM. POST

Commentaire:

Commentaire:

bullish div. starting to appear, explains why alts are slowing down.