Bitking786

BTC Dominance try to break it Downtrend, what coming next?

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Technical Analysis:

BTC Dominance

Seems to be on some resistance here, just as BTC is nearing the top of the range its been in for just over a month.

I’ll be watching this play out, if we see BTC.d break this res its likely because BTC has broken out of the range highs. However, be weary because a volatile move up for BTC could be followed by a volatile move down… at least i expect a scenario such as that to be max pain for most participants.

If we see BTC.d reject here, its likely representative of a relatively sideways moving BTC and we see some relief on alts that should make for some nice breakout set ups that we can look for and trade.

Either way, a key level I will be watching for a reaction on.

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