Looking at a Bitcoin dominance chart, I am finding lots of technical facts that BTC dominance is slowly going to 97%, do you agree with me? After my drawings I have converted all of my cryptocurrency to Bitcoin as the graph looks terrifying for other crypto market. I prefer to stay out of trading and just hodl BTC as it looks very painful for the rest of the crypto market. Looking at a graph we have "W" (marked red) which is an uptrend for Bitcoin Dominance, we have a major gap in price, which needs to be filled in. We also have an upside down head and shoulders (marked blue)! We broke many tough resistance levels, which now became support level's. There is one more strong downtrend resistance line (starting from 21st June 2016 going along 19th February 2017) to beat and the road is open to 70-73% BTC Dominance. I would like to hear what others think, sorry for my drawings )
PS I'm not saying that the other crypto is going to be cheaper with USD, I think that BTC will moon against dollar and the other crypto
PS I'm not saying that the other crypto is going to be cheaper with USD, I think that BTC will moon against dollar and the other crypto
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We broke major resistance downtrend, the road is open to 74% hitting some small resistance's at 67% and 70%.
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