CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
BTC DOMINANCE

Dominance start to bounce again from trend support (from 60% to 64% last week)and now 62.5%

With BTC breaking 50k most likely dominance can rise more in short term to 67-70% level again then drop below trendline support and breakdown 60% level (Neckline of H&S pattern)
toward 50-40% if that happens this can lead to massive altcoin season in med - long term

So high probability altcoins can suffer in short term but med and long term strong bullish if that H&S pattern successed (most likely)
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Comments

wow perfect and clean set up thanks for sharing
+5 Reply
Babenski MMBTtrader
@MMBTtrader welcome 🙏
Reply
well done again! amazing Babenski!
+1 Reply
Babenski TheSignalyst
@TheSignalyst thanks rich
Reply
Perfect analysis over here 👌
+1 Reply
Babenski FXtrades-gp
@FXtrades-gp my pleasure
Reply
Babenski Meisam_TA
@Meisam_TA thanks for sharing your idea with us
Reply
This is exactly my view. Many are too hyped with Alts right now without realizing that a short-term retrace for TOTAL2 is needed! Nice work!
+1 Reply
Babenski MichaelJason
@MichaelJason, thanks for your opinion
Reply
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