CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
CRYPTOCAP:BTC.D

Altcoins are showing signs of life meaning pairs of bitcoin in alt coin exchanges such as binance will likely show opportunity to trade. When bitcoin dominance goes down alt coins go ups. Money just transfers from one place to another. This may also indicate a bearish movement for Bitcoin since dominance is correlated with Bitcoin's movement. We may invalidate the current movement of Bitcoin which is a descending bullish triangle or just do a correction in the short term correlated with this analysis.

Daily time frame looks bearish and divergence just hit for the 3rd time. Likely divergences on an uptrend takes into effect in the 3rd time as divergences in an uptrend are not that applicable.
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