JamesRennie

Five weeks still can't break it

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Looking at this chart I see 5 weeks BTC.D won't break below 60 on the weekly. Looking at RSI it indicates a bottom. MACD is showing week after week weakening of this the pressure on the 60% support. Will this correction come with stock market correlation where bitcoin becomes crypto safe heaven and people get out of alts. Or is it the start of a Bitcoin rally like in 2019 where most alts got left behind as Bitcoin rallied. I expect that this Bitcoin dominace rally will end before end of 2020 giving alts another chance to rally.

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.