Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?
Updated
Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after three months of being oversold, monthly RSI has been finding support at 40.
The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
Note
Oops, I meant to use [1-BTC.D+99]. This is actually +1% out :/Note
(1-BTC+99)Order cancelled
Here is the correct chart for altcoin dominance, now also includes fib retracements :-)
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.