The day not yet over but, the BTC.D is printing a very strong bearish candle today... Bitcoin Dominance is about to go lower.
What does this mean?
When BTC.D goes low, Altcoins go high!
What it means is that Bitcoin is likely to start retracing while the altcoins market starts to grow.
This is great news, as Bitcoin has been hugging all the energy, all the attention, all the funds.
As Bitcoin takes its first break in months... It becomes the Altcoins turn.
Namaste.
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Note: Bitcoin dominance can drop if the mayor altcoins move up without Bitcoin actually crashing... Bitcoin can even go sideways and we see dominance decrease if the mayor alts rise.
The BTC.D chart is NOT equivalent to BTCUSD.
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BTC.D closed yesterday below EMA10, switching the potential towards the bears.
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This is the first time since December and since November on the way down.