Cryptorphic

#BTC Dominance Breaking Down? Or Just a Trap!

Short
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Welcome to this quick update folks.

BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down.
If we consider the wicks the scenario changes completely opposite of what we see here.

Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA.
Close above this MA will invalidate this chart.

ALTCOINS in BTC pairs will show some strength in the coming days.
Currently, most of my portfolio is in USDT and BTC .
I will accumulate the altcoins with some good fundamentals and will hold on spot.

What's your trading plan?
Do hit the like button and share your views in the comments section.

Thank you

#PEACE
Comment: Broke above the MA and currently trading inside the channel again.
Better to stay aside.
I am holding a few alts in loss and didn't enter much. All on spot.

I will wait for more confirmations as per my latest usdt dominance chart and trade accordingly.

Exclusive Cryptorphic ELITE CLUB Click on this link to join!

https://forms.gle/Rc2bbS4coPkDtNFFA

Free TG Channel:-

https://t.me/thecryptorphic

Also, Do not forget to shoot a follow on my Twitter handle!

https://twitter.com/Cryptorphic1
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.