Market Cap BTC Dominance, %Updated BTC Dominance Decision: Price Dump or ALTs Pump
BTC.D is at a very elevated 4H RSI and has not been this high since September 2022.
Depending if support/resistance flip occurs here at 41 we could see 2 different scenarios:
1) BTC price still has lower to go and ALTs respectively will feel the pain and BTC dominance rise
2) BTC dominance begins to reject here and descend, allowing ALT prices to establish a bottom and start climbing and BTC dominance falls
Let's see where this goes.
Good Luck
Depending if support/resistance flip occurs here at 41 we could see 2 different scenarios:
1) BTC price still has lower to go and ALTs respectively will feel the pain and BTC dominance rise
2) BTC dominance begins to reject here and descend, allowing ALT prices to establish a bottom and start climbing and BTC dominance falls
Let's see where this goes.
Good Luck
Note
Verdict: Price dump
Note
BTC.D important decision. this could be the bottom for ALTs if BTC.D reverses here? of the end of many ALTS if BTC.D advances
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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.
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.