If you trace a macro fibonacci from the top at 95+ % to the bottom at 35% in January 2018. You can see that the golden pocket is located between 75% and 78%. This is generally a lgood ocation for shorting (in this case, it means turning your BTC into altcoins). In addition to this, if you trace a trendline of the BTC dominance uptrend from the bottom in January 2018, you can see that it is in confluence with the golden pocket. This makes me think the Bitcoin dominance will top at around 76%.
Note
To complement on the chart.Trade closed: target reached
BTC dominance dropped by 6 points at target. We can expect a bounce back up at around 68%. Trade closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.