Now you know why Alts have bounced - some big time, some just a bit. And why they are retracing now - We approach a compression area and these kind of curves as we see on ETH/BTC right now - tend to break to the downside - therefore a strong correction and big inflow to BTC should happen.
I was bearish on BTC Dominance - but after having more alt context and comparing those two charts - it looks like BTC.D is getting ready for a hunt of FVG above. Viceversa to ETH/BTC.
I was bearish on BTC Dominance - but after having more alt context and comparing those two charts - it looks like BTC.D is getting ready for a hunt of FVG above. Viceversa to ETH/BTC.
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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.