TradingView
CryptoAIML
Dec 19, 2020 11:53 PM

BTC Dominance - Watching 67.6 level to reject short term!!! 

Market Cap BTC Dominance, %CRYPTOCAP

Description

If BTC Dominance rejects at 67.6 level, we may get a mini-weekend ALT season. If we push through this resistance, ALTs will go down and more lower prices on alts.

Not a Financial advise, just my thoughts.

Comment

We are going for that 67.6 level on BTC Dominance and that would take BTC towards the 24.5k-25K zone. I would like to see a rejection and Dominance pull back, so we get a mini alt season.

If Dominance pushes up, then we get 30k on BTC and alt season pauses temporarily. ALT coins will take a hit on the ALTBTC pairs. ALTUSD will see short term drops.

Comment

BTC Dominance is pushing up, so I expect ALT coins to take a hit on the ALTBTC pairs and ALTUSD will see short term drops/choppy action.
More