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
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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.
my trading plan is that my buy orders will hopefully be hit when we crash to 1.65-1.75T on the TOTAL. i am feeling more and more impatient/FOMO which is a good sign it will happen.
one thing in favor of BTC.d dropping more is that fundamentally that should continue to happen. ALT projects are much stonger than they were years ago and general public is having much more exposure to ALTS, as well as more opportunity to buy them.