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ArShevelev
Sep 18, 2020 1:01 PM

Altcoin market on crossroads — Bitcoin Dominance chart analysis 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Hi watcher, on this chart i see Expanding wedge pattern near resistance of 62% of dominance.
Depends on power of Swap/DeFi hype around we will face different action on the market.
Deadalts looks quite realistic, but I am prepared for alternative — if dominance fall on the 60-53% zone we will see another fast wave of pumps in tokens and coins.

Comments
btcgoroshi
You said deadalts looked realistic, but why do you prepare for the other situation?
just is there probability?
ArShevelev
@WHATISTHIS, for now it's 50:50. If we cross horizontal resistance we will talk about 70:30 dead
btcgoroshi
@ArShevelev, okay thank you :)
RocketBomb
Good job, I like it 👍
RocketBomb
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