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Smoke_Weed_Everyday
Jan 25, 2022 6:22 AM

A case for bearish divergence in the Bitcoin Dominance Short

Market Cap BTC Dominance, %CRYPTOCAP

Description

The dominance right now is overbought in the 70's region for rsi and can be seen with descending rsi showing weakness or loss of strength in the momentum to the upside. I believe we will see a drop in dominance soon leading to our long awaited alt season before a massive bear market.
Im looking for a daily + weekly close below 39.5% to confirm a descent into the 25%-30% dominance region

Happy trading yall
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