CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D
Hello Guys,
I defeated covid19 and back now!
Here is the analysis about BTC dominance and Alts. condition in next few days. at you see in chart bitcoin dominance formed a cup pattern and killed almost all alt coins in past few days. as we approach to a major resistance at 64~64.45 level (fibo level) i expecting Alt party at BTC dominance rejection. sooner or later this will happen and with current BTC movement that shows weakness it looks more possible.
here is my suggestion: Try to add some alt. at the dominance peak. then sell it when dominance reaches 61.8~62 level.
in long term BTC dominance is in uptrend to test broken trend line from triangle pattern that lost in June.

Respect Social distancing
Wear Mask
Stay safe
Do some trade!
Press like if you liked it!

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.