Here Is Why BTC.D Can Decrease Further In 2020 And 2021!
When looking at my chart you can examine that BTC .D already formed this huge significant bear-flag from October 19 to January 20 which is marked in blue and provided the fist bear-flag-confirmation to the downside of this sort in the structure. You can also see there that BTC .D just tipped one time slightly above the upper boundary of the bear-flag before moving heavily to the downside and finally confirmed below the lower boundary of the flag to consolidate and move on. Furthermore, there is the 200-EMA which is marked in red in the chart where bitcoin confirmed below and consolidated below, this complete structure is now completely identical in repetition but the amplitude and length of the flag is much much bigger this time as this can result into a decline of BTC .D in the market and stronger altcoins in comparison.
As the index is now stabilizing below the lower boundary of the bear-flag which confirmed already to the downside there is the probability given that it moves higher which will cause a stronger BTC .D in the short-term and a final confirmation of the second fundamental historical bear-flag before providing the next wave to the downside which can cause an altcoin-season in 2020 - 2021 similarly to the season which we have seen in 2018 where many altcoins just skyrocket, taking these facts into consideration it will be worthwhile to look on opportunities within altcoins when bitcoin decreases in dominance as this was the smartest option already back in 2018, this does not mean that bitcoin will completely lose insignificance against altcoins but it should definitely be kept in mind as the same scenario seen already confirmed in the past repeating now.
In this manner, thank you for watching, support for more market insight, have a great day and all the best to you!
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