BTC.D Weekly Close
In Alts?
The weekly close approaching on the Bitcoin Dominance Chart is looking to confirm below the 21wk MA.
At writing, BTC is sitting just north of 40k with a dom of 62%.
Could we see a flood of $ into the entire space where we have a 50k BTC and a BTC dom of 55%?
Or will BTC slide into a small reversal (possible double top) and give way for Alts to claim more of the Cap?
Next few weeks look to be interesting no matter what direction you are hedging.
#Amateur #PersonalOpinion #MyMyRisk
#BuyLowSellHigh
The weekly close approaching on the Bitcoin Dominance Chart is looking to confirm below the 21wk MA.
At writing, BTC is sitting just north of 40k with a dom of 62%.
Could we see a flood of $ into the entire space where we have a 50k BTC and a BTC dom of 55%?
Or will BTC slide into a small reversal (possible double top) and give way for Alts to claim more of the Cap?
Next few weeks look to be interesting no matter what direction you are hedging.
#Amateur #PersonalOpinion #MyMyRisk
#BuyLowSellHigh
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.