- broke out above resistance of 58.something ... on it's way to have a daily closing above 60 today or tomorrow.
- still moving in a symmetrical triangle
- next resistance 62. something...
- i feel BTC would touch 10K and confluence with btc dominance at resistance 62 levels
- rejection at both levels giving room to alts to breathe. another mini altzseason...
- ultimately BTC dominance is going to break above triangle sometime in mid july leading to next leg of bull run in BTC..
.. Just my idea... DYOR :)
- still moving in a symmetrical triangle
- next resistance 62. something...
- i feel BTC would touch 10K and confluence with btc dominance at resistance 62 levels
- rejection at both levels giving room to alts to breathe. another mini altzseason...
- ultimately BTC dominance is going to break above triangle sometime in mid july leading to next leg of bull run in BTC..
.. Just my idea... DYOR :)
Trade active:
Update: BTC dominance touched just the triangle trend line resistance. I don't think it will break yet and BTC tested it's weekly resistance just short at 11000.
- I am starting cherry picking large cap altbtc pairs who have been floored with this BTC parabolic rise. soon they will catch up the lost grounds
- I am starting cherry picking large cap altbtc pairs who have been floored with this BTC parabolic rise. soon they will catch up the lost grounds
Trade active:
this worked like magic... all large cap altbtc pairs are going up several percentage points.. :) BTC correcting just in time...
Trade closed: stop reached:
Update: BTC dominance closed above triangle resistance on daily chart. One should exit altbtc pairs as they will enter in capitulation now.