ALTSEASON CONTINUE OR NOT? BITCOIN DOMINANCE UPDATE
Currently, Bitcoin dominance is at the decisive point. It is trading in a falling wedge pattern and hovering above 41%. The strong support for dominance is 40% level. If bitcoin dominance breaks the 40% level then we will see a great alt season of all time. There is resistance around 42 levels if it breaks the 42% level then Alts bleed in BTC pair and show the big correction. IMO we should break this 40% level and witness a great alt season in Q4.
Support:- 40%
Resistance:- 42%, 45% and 49%
Let's see dominance breaks the 40% level or not. Keep an eye on 40% and 42% levels.
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Support:- 40%
Resistance:- 42%, 45% and 49%
Let's see dominance breaks the 40% level or not. Keep an eye on 40% and 42% levels.
If you like this idea then do like and comment. Also, follow me for more updates.
You can also follow me on Twitter:- @core_crypto1
Trade active:
Dominance reached the upper trend line of falling wadge that's why the Alts/BTC pair shows some correction. Now IMO it should be rejected from there and falls to the next support zone.
