averkie_skila

I would not carelessly consider BTC dominance to be a non-issue.

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
People are so sweetly enamored with the rising alt-market that this picture in general seems very dull and safe.
Yes, we have some chance of the diagonal (and there goes the EMA200 as well) being rejected.
But I don't like the fact that this diagonal test will take place in conditions where the candles are already trading
above the cloud. It is a completely uncertain situation. If there is a breakout, it will hurt everyone who has been
buying altcoins for the past two weeks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.