BTC dominance (Y21.P2.E2). Time for Accumulation

Hi Traders,

As per my previous post, I did state a little bullish divergence and a small bounce which took some of the momentum from the alts so I stopped trading.
The signs were there about 4 hrs back as many RSI's were over extended, eg ETH.

Now we see some correction and its wise to buy the Alts in their own accumulation zones.

BTC is likely to get down to 55k to 57k range and while that happens, the Alts will be undecided.
Be patient as today will be slow and tomorrow as well.

I see eg, ETH or BNB going down more (with this bounce).or sideways as it looks like the beginning of a re-accumulation structure, a small one with this pullback. Wyckoff phase.
Either the bounce is a double bottom, lower or slightly higher, its still going down as we speak.

As per BTC dom. it will hold this level and if anything, move up a few points in %

All the best,

S.SAri


BNB

ETH

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Commentaire:

As I said, double bottom impact, bullish div now on the 4 hrly