javierpedrozab

Bitcoin Dominance on Support and Uptrend

javierpedrozab Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Bitcoin Dominance has been falling and right now it is on a very delicate area, as the Uptrend and the Support area around 60 % breaks Alt Coins will have a strong move to the Upside.
Next Support level 50% Dominance area.
Death Cross (Ema 50-EMA 200 crossing) detected days ago confirming a down trend.
If this movement develops specially in months like March than usually are Bearish.
Conclusions Alt Season ahead.

Whats your thoughts ?
Comment:
Updating, we are moving in the right direction, some major Altcoins are starting to move to the upside, as the BTC dominance continue to fall, next weeks ahead are Bullish for the Altcoins.
Comment:
As we predicted, the BTC its in an important level, two possibles scenarios at this point,
1) A push to the Upside of BTC and BTC dominance bouncing from the Support level area, taking us to a price range 74-80k for BTC finding the Resistance Channel line.
2) A consolidation of the BTC price and BTC dominance around this level, giving the oportunity to the Altcoins to push to the upside and then, a Short bearish action during the summer to accumulate to our last run in Q4.

Next Support level its at 36% Level, and then, Altcoin season it will be on their maximum momentum.

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Comment:
Dominance still falling, and as we predicted we are seen some big moves on Altcoins like ETH giving us a new ATH and outperforming BTC.
Keep an eye on "ETH killers", DeFi and Oracles.
Next target 36 % respectively.

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