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Trader6127

Bullish Bitcoin Dominance

Long
Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)  
Trader6127 Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Trend Analysis Chart Patterns Technical Indicators bitcoindominance Bitcoin (Cryptocurrency) altcoins Cryptocurrency 2k19cryptoreversal
5
11
trendanalysis chartpattern indicator bitcoindominance bitcoin altcoins cryptocurrency 2k19cryptoreversal
Confirmation: 55.53
Invalidation: 52.87
Type of Trade: Cyclical
Pattern: Bullish Flag

How to interpret this data?

For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin.

For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
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