Cryptorphic

#Bitcoin Dominance Pump Incoming? Alts in Danger!

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures .


Let's get straight to the chart.
It's been a while since I posted this chart on BTC .D,
BITCOIN Dominance is currently facing the triangular resistance.
The rejection would lead to some rally in BTC pairs.
Unless we see a confirmed breakout or a breakdown it's better to wait for now.
IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance.
What's your thought on this? Do share in the comments section.

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More updates coming up.

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Comments

Its broken the triangle, no movement yet for Alt Season
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