BTC dominance (Y20.P4.E01).Short-term.Bearish

20 août 2020

Hi All,

By observing the trend and the indicators, for the next day or 2, I have BTC dominance dropping.
This could only mean one thing in my opinion and that is BTC will slowly go up while the alts go up quicker.
I can't see BTC dropping and the alts dropping slower. Hence why I am viewing the 1st statement.

Explanation: BTC looks like for now, holding the 11700 line for a day or two while it heads to the 12k mark.
On the BTC dominance chart, this looks like in sync with a double bottom.

Maybe its that 12 K rejection that we see BTC dominance go up again. That is me thinking aloud.

What are your thougths?


Cheers,
S.Sari

Just now

22 août 2020

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