I just want you to look at this chart as I explain two important factors laid out in it. But before I explain I want to mention that many of the crypto experts you’re following have been saying that the dominance is weakening. If the dominance was weakening then two things must have happened. Number one, the dominance should not have broken out of the downtrend, which it clearly has. Number two, the dominance must have broken below the 4H 150 EMA, and it hasn’t, which means the 4H 150 EMA is acting as a very comfortable support for the dominance. If others and I share ideas on trading view tag something is gonna go up or down with no single mathematical and/or geometrical evidence, then do not believe us. This will protect your funds. These charts are examples of mathematical phenomena and the person who is speculating with not mathematical basis to back up his/her analysis/speculation then stay away from them and do not bet your money on their analyses. The dominance may weaken, we all know that it’s a possibility, but the chart must give us signals first, and it still hasn’t.
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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.