BTC dominance (Y20.P4.E01).Short-term.Bearish
Diupdate
Hi All,
By observing the trend and the indicators, for the next day or 2, I have BTC dominance dropping.
This could only mean one thing in my opinion and that is BTC will slowly go up while the alts go up quicker.
I can't see BTC dropping and the alts dropping slower. Hence why I am viewing the 1st statement.
Explanation: BTC looks like for now, holding the 11700 line for a day or two while it heads to the 12k mark.
On the BTC dominance chart, this looks like in sync with a double bottom.
Maybe its that 12 K rejection that we see BTC dominance go up again. That is me thinking aloud.
What are your thougths?
Cheers,
S.Sari
Just now
By observing the trend and the indicators, for the next day or 2, I have BTC dominance dropping.
This could only mean one thing in my opinion and that is BTC will slowly go up while the alts go up quicker.
I can't see BTC dropping and the alts dropping slower. Hence why I am viewing the 1st statement.
Explanation: BTC looks like for now, holding the 11700 line for a day or two while it heads to the 12k mark.
On the BTC dominance chart, this looks like in sync with a double bottom.
Maybe its that 12 K rejection that we see BTC dominance go up again. That is me thinking aloud.
What are your thougths?
Cheers,
S.Sari
Just now
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This community has signals now but with no risk management comms.
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