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Market Cap BTC Dominance, %
Long
Updated

Bullish Bitcoin Dominance

709
Confirmation: 55.53
Invalidation: 52.87
Type of Trade: Cyclical
Pattern: Bullish Flag

How to interpret this data?

For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin.

For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
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Trader6127
2k19cryptoreversalaltcoinsBitcoin (Cryptocurrency)bitcoindominanceChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis

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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.
2k19cryptoreversalaltcoinsBitcoin (Cryptocurrency)bitcoindominanceChart PatternsCryptocurrencyTechnical IndicatorsTrend Analysis
Trader6127

Related publications

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.