JJMa

Bitcoin Dominance Head and Shoulders

JJMa Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Not saying sell all your Bitcoin for alts, that's crazy, but if this Head and Shoulders proves true, Alt Season will start picking up steam...possibly a good opportunity for those looking to harvest Alt profit into BTC. There is also the possibility that we see a double bottom here. I am not making changes at this time as I am currently quite well balanced in my opinion. If you were going to sell all your BTC into Alts, the time to do that would have been weeks ago when BTC dominance peaked. Not financial advice.
Comment:

Bitcoin moving up, looking to take out 50K > this is not done yet, but perhaps a double bottom rather than that head & shoulders working out...a warning to those that sell BTC for Alts > be careful. I have made this mistake once or twice in tiny quantities and felt bad every time afterwards. Hold BTC / ETH / Alts, but be mindful of trading between them and always look at the dominance chart.

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