BITCOIN DOMINANCE
Updated
Hey friends.
Well, watching this chart, suddenly came to my head the idea that we could see new lows in BTC Dominance, mainly due to the relative importance that other projects are gaining during this crypto evolution, which is reflected in the chart as a possible bearish fractal (impulse - correction - impulse), plus a bearish MACD divergence under zero lvl.
If this happen, more or less as its showed here, we could see BTC Dominance drop to 20% - 25% (its also possible to not seeing a retracement to 50% - 60% and see new lows sooner than what i think).
Let me know what do you think. And thumb up if you find this is good content.
Peace and Joy!
Crypto SolArb <3
Well, watching this chart, suddenly came to my head the idea that we could see new lows in BTC Dominance, mainly due to the relative importance that other projects are gaining during this crypto evolution, which is reflected in the chart as a possible bearish fractal (impulse - correction - impulse), plus a bearish MACD divergence under zero lvl.
If this happen, more or less as its showed here, we could see BTC Dominance drop to 20% - 25% (its also possible to not seeing a retracement to 50% - 60% and see new lows sooner than what i think).
Let me know what do you think. And thumb up if you find this is good content.
Peace and Joy!
Crypto SolArb <3
Note
Im 99% sure that im wrong with timing... i guess all the path showed in the chart will happen during the next 5 months ... not 2 or 3 years .. lolNote
The time is coming.This is about to happen.
Long alts!
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