*** Note that this is a continuation of the previous post, link provided below ***
With a good prospect of potentially having higher BTC price and dominance (or pause at the 10800 range for another consolidation) will give the ALTs a opportunity to create a bull flag or reversal formation. With dot, in the short term, downward pressure.
Hence I'm watching this space with DOT and using the RSI to give clues as to what is next.
FYI, I have BTC dominance still with upward pressure. Meaning either BTC goes to the 11,150 mark or BTC drops to retest 10600. I'm leaning towards up. Note the BTC and SP500 chart.
****************************************************************************************************************** BTC Dominance chart ****************************************************************************************************************** BTC left and SP500 right chart ****************************************************************************************************************** 2 HRLY chart, potential formation ************************************** ******************************************************************************************************************
As I thought, BTC dominance has hit resistance, pulling back for the ALTs to move for the short term for now. and then another potential BTC bounce or sideways motion. Looking for a bottom formation in the lower timer frames or a big bullish candle at the higher time frames.
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Oops, wrong post
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Order cancelled
no trade for me. I should have shorted it but wasn't ready for it.
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