BTC Dominance correction could end here as same as BTC... or not
BTC's dominance is always correlated to BTC's movement itself. But upon seeing that it didn't even hit Fibonacci Retracement RED 23.6 it's likely that correction is not yet over. Considering that volume profile shows significant support level, if it breaks below this area then we see a big drop and probably an alt coin season. Only 2 support levels I see for this because I considered BTC's chart itself. So the other support areas for me won't matter. Do note that momentum oscillators are not even at oversold level yet. Tho it doesn't necessary have to be.
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.