Whenever BTC.D's RSI hit 80 or above

Short

Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)

Updated

CRYPTOCAP:BTC.D Market Cap BTC Dominance, %

Trend Analysis Technical Indicators

trendanalysis indicator

whenever daily RSI of BTC dominance increase above 80, soon there will be outperformance of altcoin happening

Comment:

Oh Boy, it is pushing too hard and getting out of juice, can you feel a mini altcoin rally. it means Alts are performing better in uptrend or downtrend compare to BTC and this leads to a drop or BTC.D, but I don't think it will be a Altseason it is still early for that (I believe)

Comment:

I believe the top was 49% and starts heading down, RSI in Weekly showing bearish Divergence

Comment:

Tuesday 11th April was the best performance of the BTC.D as my previous update kind of nailed it, In daily RSI bearish divergence occur and the drop of BTC Dominance is occurring. This would not mean it would be a altseason, but definitely we will experience better performance in ALTS, so far we can see it in Litecoin and XRP. I am sure there are plenty but these two catch my eyes

Mehran

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