CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
So looks to me like dominance is switching just as btc has been hanging above the 4hr 20ma and relatively close to the resistance trendline . As this 48hr "Altseason" comes to a close, it sure was fun while it lasted...lol

Anyhow, currently I am bearish altcoins and bullish btc . If this is a real trend that will continue with a btc bull break, alts are going to take a hit back down to supports. This current reversal has taking about 3 days, with quite a few fakeouts. Got caught in a couple, but we only risk 1% of our account in each trade, so losses aren't a problem.

Look to short alts pumps, and long btc dips if this trend change is real.

The Daily is even more bullish for me with that month-long inverted Head and Shoulders played out. Also dominance daily looks like a reversal.


Watch your alts! Be careful longing them...
it drop to support as expecting
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@deepUP, This was the post on my free channel. I'm sorry I don't update tradingview as often as I do my channels. It was a 5 day reversal.

I stand corrected by the market. Seems dominance was bouncing, but now it's rolling over again. It just might be alts time to shine for a bit. Can't get them all right, that's why the most important part of trading is risk management. Losing is a part of trading you cannot avoid or fear. You must embrace it and learn how to manage it based on a system, and strategy that takes loss into account.

Back to the drawing board.
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deepUP Blockchain_Bob
@Blockchain_Bob, dominance jsut break up, alt season is over
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@deepUP, That's why i've been short for 2 days brother ;-)


BitMEX
#TRX/Z19 Take-Profit target 1
Profit: 13.9535%
Period: 9 Hours 37 Minutes


BitMEX
#LTC/Z19 Take-Profit target 1
Profit: 9.6811%
Period: 2 Hours 11 Minutes

And I'm currently short bch. Thanks, I appreciate you.
Reply
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