Looks like there is a clear rejection off of the 535EMA which also has confluence with other resistance that took several days to break on the way down. I think this little bounce in the dominance chart is jist about done. I closed out my EOS short with a 3% profit. Now its time to look for some long set ups.
Might be time to short alts temporarily for a bounce. I dont know how hard its going to bounce or for how long but if we look at the weekly chart it is spectacularly bearish. God Speed Gents, Mr. Manbearpig
- Strong trendline broken - Possibly Possibly forming H & S
BTC has fallen from the Rising Wedge so I think it will cool down and re-test the 66% level in this turn
BTC Dominance is on a downtrend to 57.34%, down nearly 4%, expected to hit the bottom on 27 JUne, which is almost 10 days from now With this reduction, this is a great opportunity for Altcoin to increase strongly to 30-50%. Quickly buy Altcoins according to my signals so as not to miss this opportunity However, everything is possible, if BTC Dom returns to its...