Altdominance Reversal Soon
Many alts are making new ATLs or are at lows against BTC presently.
Others dominance has been in a parallel uptrend since breaking and holding above ~4.5% and reaching levels above 10% market dominance for the first time back in 2017.
We haven't quite made a 3rd touch to confirm the channel during more recent lows in June of 2023 and again in August this year.
Still, the channel and indicators are pointing towards a move back up towards channel top. The question is:
Do we move up without touching channel bottom first?
Or, will we see a final move back around 8%, making a higher low and touching channel bottom prior to moving up?
Others dominance has been in a parallel uptrend since breaking and holding above ~4.5% and reaching levels above 10% market dominance for the first time back in 2017.
We haven't quite made a 3rd touch to confirm the channel during more recent lows in June of 2023 and again in August this year.
Still, the channel and indicators are pointing towards a move back up towards channel top. The question is:
Do we move up without touching channel bottom first?
Or, will we see a final move back around 8%, making a higher low and touching channel bottom prior to moving up?
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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.