Confluence in between the Dominance Chart and the TOTAL2 market RSI shows breaking the trend on the dominance chart, and a pullback on the total2 Market , a a pullback may be incoming for the altcoin market, one can not predict the future, but reading suggests that the BTC.D may retest the bottom, whilst creating a giant bearish divergence for the TOTAL2, At present the RSI break in the Dominance chart is also in confluence with the altcoin market since most coins are either touching the 40 or th 200 EMA on the daily time-frame, and showing a bullish divergence in the RSI .my guess is as good as any, but i wouldnt be surprised to see a strong pullback for a retest to the upper EMA on most coins, and then a stronger move as a continuation to the downtrend.
Short term: Bullish
Long term: Bearish
This is not financial advice, attend your own risk management.
Short term: Bullish
Long term: Bearish
This is not financial advice, attend your own risk management.