Market Cap BTC Dominance, %Updated BTC Dominance Next Move
Bitcoin Dominance continuing in triangle and there are some possible movement we need to consider for next month. Altcoin Season Index reached 90+ points in August-September and we were heading to Bitcoin Season (25point). But the market reached the 60p, it stopped and started skid. Are we going back to 90p area?
What's my thoughts? I think the movement to Bitcoin Season most likely continue. Let me introduce my Scenario 1.1 and Scenario 1.2 as you can see in graph. I split it to 2 scenario because EMA 200 important.
ETH/BTC parity stuck on FIB 0.5 line. Support levels: 0.064 and 0.058.
In opposite, Dominance will decide to move down and let the Scenario 2 shall guide us under sublime light.
What's my thoughts? I think the movement to Bitcoin Season most likely continue. Let me introduce my Scenario 1.1 and Scenario 1.2 as you can see in graph. I split it to 2 scenario because EMA 200 important.
ETH/BTC parity stuck on FIB 0.5 line. Support levels: 0.064 and 0.058.
In opposite, Dominance will decide to move down and let the Scenario 2 shall guide us under sublime light.
Note
Scenario 1.2 occured.
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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.