BTC Dominance going down. Total CryptoCap going up.

BTC Dominance failed to break the resistance upwards and is going down forming a head and shoulders pattern. If it breaks diagonal trendline it will go down further. On the other hand, Total Crypto cap is testing the diagonal support on the weekly chart. Depending on BTC dominance action at its weekly trend line , Total crypto cap will make its move. Major altcoins are showing signs of strength with massive accumulation and rising MACDs and RSIs.

The hypothesis is that money is flowing into the cryptoverse but more so into the major altcoins than bitcoin . A mini-alt rally is a possibility in the coming weeks.

*Note: This is not financial advise. Please do your own research.

Commentaire:

Bitcoin dominance 21 EMA bearish crossover of 50 EMA about to happen.

Transaction en cours:

BTC.D weekly MACD turned bearish. TOTAL weekly MACD reversing.
Total crypto cap testing diagonal resistance. Still valid.