I can see BTC Dominance rising to the upper channel over the next few days and peak for a reversal.
My guess is that BTC Dominance will rise due to a Crypto Market price pull back and BTC will retest the breakout below 20K. (my area of interest is 19500-19700)
At that pullback I believe will be prime time to spark an ALT rally, causing BTC Dominance to visit the lower boundary of the parallel channel and confirm RED TREND breakout.
Good Luck
Comment
⋅
Total 2: watch for a pullback confirm S/R/ flip at 50% retracement and then trend breakout.
Comment
⋅
is this the local top for BTC dominance? I added to my ALT positions with that draw down.
Comment
⋅
Dominance target reached. I believe that from here, ALTs will begin a strong rally and remove some dominance from BTC
Well, I could of course criticize the idea, but an asset is too unpredictable right now to be sure of anything. So, I can only thank you for a different point of view.
Leo-btm
⋅
fantastic
Plutus_trades
⋅
The small cap alt rally already happened this past week, could see BTC moving up to 23-24k but has to break 21473. Then it will be large - mid caps turn. Watch QNT to pass the yearly moving average, at that time large caps will follow
pochientevwuwv
⋅
🔥
SwallowPremium
⋅
Great overview, we are agree with your think of outcome!!
KinaStar
⋅
This is really awesome! So we understand when the trades can go easily against us. I appreciate your knowledge!