TradingView
Mr_J__fx
Aug 21, 2022 5:17 PM

$BTC.D -The Macro Trend Flippening ? Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

How much longer can it gets before Bitcoin's Dominance starts to take off ?
Is really #Bitcoin so unworthy compared to other alternative crypto projects ?
I guess we know the answer to that, at least to many of us it stands as a rhetorical question.
What's interesting about it is if BTC.D starts to gain upside momentum when Bitcoin's price starts plunging while attracting buyers on lower prices, that will smack the face out of altcoins' causing them to bleed to death compared to Bitcoin's bleed.
However, in short term BTC.D may have more to fall (zooming in with screenshots)
On the other hand we've seen many altcoin's already on negative -70% since Bitcoin's ATH so one can counter argument this idea freely on that case scenario.

What do you think about Bitcoin's Dominance ?
Is it headed to the upside long-term ?

Comment

Short-Term Negative Momentum, Under Resistance on 3D

Comments
ThumbSkin
It's collapsing not rising.
Mr_J__fx
@ThumbSkin and that's the reason why titled it 'Macro Trend Flippening'
More