Yep, the bearishness is getting real on the 
BTC dominance 4-hour chart.
Ideally, we want a lower low now, which means a close below 58.6%. That would be a BEARISH market structure shift.
Once done, a dead cat bounce (WAVE B, lower high) which would trigger a nice correction in alts, and WAVE C, that's when our altcoin portfolios and longs boom.
Prepare for that DEAD CAT BOUNCE in BTC.D though. Don't overleverage yourself. Not yet. 💙👽
BTC dominance 4-hour chart.Ideally, we want a lower low now, which means a close below 58.6%. That would be a BEARISH market structure shift.
Once done, a dead cat bounce (WAVE B, lower high) which would trigger a nice correction in alts, and WAVE C, that's when our altcoin portfolios and longs boom.
Prepare for that DEAD CAT BOUNCE in BTC.D though. Don't overleverage yourself. Not yet. 💙👽
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.