amin786

BITCOIN DOMINANCE BULLISH DIVERGENCE

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC dominance is showing significant signs of bullish divergence on the 1 day. This combined with the fact it's heading into a weekly demand/support zone (green shaded area) is pointing towards capital flow back into Bitcoin from the altcoins.

Personally I have decreased most of my altcoin positions already and am happy to sit in BTC or USDT if there is a short term BTC correction
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.