BTC Dominance (TA) is coming back soon - Edition 2
Updated
just now
Observations:
The ALTs have made major gains while BTC went into consolidation\sideways movement.
The ALTs have reach their thresholds, some extended further with some project updates.
On the chart, BTC has hit the 0.786 retracement for the second time and in the 4hlry, a strong green candle.
While this is happening, I see ALTs starting to wind back.
I would say its probably getting close to the time to flip back to BTC while its sqeeze is nearing completion.
Observations:
The ALTs have made major gains while BTC went into consolidation\sideways movement.
The ALTs have reach their thresholds, some extended further with some project updates.
On the chart, BTC has hit the 0.786 retracement for the second time and in the 4hlry, a strong green candle.
While this is happening, I see ALTs starting to wind back.
I would say its probably getting close to the time to flip back to BTC while its sqeeze is nearing completion.
Trade active
What next, my guess is that ALTs will climb back to restore the value they lost while BTC finds its norm. The another BTC breakout to the upside again. BTC dominance target is 59.6% in immediate future. Currently 58.62%Trade active
Comment
Trade closed: stop reached
target reached.. expected it to go more but wasn't the case.
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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