Domination has become very capricious
So, let's look at 12H chart.
It's no fun.
There were all three EMA crosses, the candles are under the tenkan and under the kijun.
The rejection from diagonal.
I expect a retest of the ~41.5 level.
From there up movement will resume.
But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break 20000 down.
In addition, we have a whole bunch of bullish divergences. There is bound to be an episode of bloody altcoin dump.
You know, one of those ones where it's down 25-40% of the price in one day.
Divergence will provide that.
But later.
It's no fun.
There were all three EMA crosses, the candles are under the tenkan and under the kijun.
The rejection from diagonal.
I expect a retest of the ~41.5 level.
From there up movement will resume.
But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break 20000 down.
In addition, we have a whole bunch of bullish divergences. There is bound to be an episode of bloody altcoin dump.
You know, one of those ones where it's down 25-40% of the price in one day.
Divergence will provide that.
But later.