Batrachotoxin

BTC.D shows a strong reversal sign, but it is still strong

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
BTC .D shows a strong reversal sign, but it is still strong

BTC .D ( BTC dominance) ran as my last prediction, it ended at around 73.5% before having a correction.
A regular bearish divergence between BTC .D and its RSI appeared on the daily chart , forecasts a bigger correction of BTC .D.
BTC .D meets its MA20, strong support that can push it up to near 73% before another down.
There are 2 strong supports (MA50 and local support) below MA20 that prevent BTC .D to have a hard dump.
Since BTC .D momentum is still strong, I expect that BTC .D won't drop to below 69% in this month and next month.
Altcoin season is not coming yet, even it may never happen again, but there will have a small rally of altcoins regarding BTC .D's drop .
If BTC .D's RSI breaks its long-term support that lasts for 9 months, a massive drop of BTC .D will take place leading to an altcoins blooming season.

P/S: It may have a small fluctuation of the values (around 1%). I use tradingview BTC .D in this analysis, in coinmarket.com the BTC .D values might lower than tradingview values around 1-2%.

An expected move of BTC .D and its MAs are as shown in the chart.
Thanks for reading, share your thought in the comment.
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