Analyzing BTC.DOMINANCE
I am observing a doji candle forming on this week’s chart, which could indicate that the top is in for BTC.D and that we might start seeing a decline within the next 1 day and 11 hours.
For altcoin trading to become viable, BTC.D needs to drop toward 56%.
I lean toward the view that BTC.D will begin to fall and that altcoins will gain strength within the next 1–2 days.
However, if BTC.D regains strength, it could rise toward 60%, which would likely cause altcoins to continue falling, making them harder to trade.
We are the mercy of BTC.D, so that's what we need to keep our eye on!
I am observing a doji candle forming on this week’s chart, which could indicate that the top is in for BTC.D and that we might start seeing a decline within the next 1 day and 11 hours.
For altcoin trading to become viable, BTC.D needs to drop toward 56%.
I lean toward the view that BTC.D will begin to fall and that altcoins will gain strength within the next 1–2 days.
However, if BTC.D regains strength, it could rise toward 60%, which would likely cause altcoins to continue falling, making them harder to trade.
We are the mercy of BTC.D, so that's what we need to keep our eye on!
JOIN ME ON TELEGRAM t.me/aztradescrypto
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.
JOIN ME ON TELEGRAM t.me/aztradescrypto
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.