Cryptorphic

#BTC Dominance at decisive point. Will alt season continue?

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
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Let's get back. to this quick update:

BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update).

You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season.

How do I know when to exit the altcoins if required?

Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend.

And If any daily candle close below the support line alts will continue to rally.


I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates.


Stay safe

#PEACE
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Comments

Well,,,!
+1 Reply
Cryptorphic Refahferdushi
Reply
thanks bro .
good job
+1 Reply
Cryptorphic rajukalyanam1986
@rajukalyanam1986, Thanks mate.
Reply
No, MACD says otherwise. More down.
+1 Reply
Cryptorphic averkieskila
@averkieskila, I don't rely on a single indicator
Reply
Everything is so clear tq so much
+1 Reply
@Dv2328, My pleasure
Reply
So nice of you thanks alot keep it up
+1 Reply
Cryptorphic amaanthink
@amaanthink, Thanks bud
Reply
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