The BTC dominance is a good indicator of an altseason where all your useless sh-tcoins moon to the mars.
The current pattern is a continuation pattern. Support is currently broken but the D point of a triangle often sees fakeouts.
If broken, backtested and continued I will look for support at the 35 & 39% area.
If it goes lower we might go past Mars and we pretty soon need new planets
The current pattern is a continuation pattern. Support is currently broken but the D point of a triangle often sees fakeouts.
If broken, backtested and continued I will look for support at the 35 & 39% area.
If it goes lower we might go past Mars and we pretty soon need new planets
Note
So far it's dropping down and not recovering.Would like to see further downside towards the 39% or a reclaim of the channel.
Currently undecided
Note
39% reached. No Altseason yet as the Altcoin Dominance chart is rejecting hard from resistance
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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.