I expect more traders shift to BTC instead of altcoins according to bitcoin dominance chart. this will cause more pain for alts in coming days. Better to trade in BTC/USDT instead of BTC/Alts in coming days. 49 - 50 is the S/R level and if it rejected we consider Wave "B" from ABC completed and will jump back to altcoins for better profit. Alts will follow bitcoin if price moved higher but may not be able to outperform BTC till we reject from 50% level..
we should be longing alts when btcd retests around 50 right?
CryptoSnoopy
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@kinghughes44, reasonable choice.. but who knows how to count it since Tether has such impact to this ratio...
bitcharger
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@CryptoSnoopy, USDT inflow shows total market growth but their final destination reflects in BTC.D / OTHERS.D. / USDT.D. for confirmation we need reversal sign in candles.
bitcharger
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@kinghughes44, no one knows yet! for confirmation we need to watch daily candles for reversal structure.