BTC.D continues to move within a local downtrend.
I expect dominance to keep flowing out of Bitcoin and into altcoins — which could fuel a solid altcoin rally.
My local target for BTC dominance is 58.5%, while the broader downside targets, if market conditions remain unchanged, are 57% and 55%.
The invalidation of this scenario would be a breakout above last week’s high at 59.59%.
I expect dominance to keep flowing out of Bitcoin and into altcoins — which could fuel a solid altcoin rally.
My local target for BTC dominance is 58.5%, while the broader downside targets, if market conditions remain unchanged, are 57% and 55%.
The invalidation of this scenario would be a breakout above last week’s high at 59.59%.
Trading is the hardest road to easy money.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
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.
Trading is the hardest road to easy money.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
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.