Market Cap BTC dominance
My last idea about BTC dominance played out exactly as expected. Now, many people are worried about their investments in altcoins; all they see are red candles, which is understandable since dominance has been increasing this whole time. Currently, it stands at 57.5%. The final target is 60%, which aligns with the 0.618 Fibonacci level and a major global order block. We also see a weekly MACD divergence.
During the last capitulation, the fear index hit 17, and many people sold their altcoins. However, I noticed significant buying volumes across all crypto market assets. The waves are primed to pump all of these. My global target is 32% dominance.
During the last capitulation, the fear index hit 17, and many people sold their altcoins. However, I noticed significant buying volumes across all crypto market assets. The waves are primed to pump all of these. My global target is 32% dominance.
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