Dominance of Bitcoin BTC.D after 07 09At the moment - after the red candle 07 09 2021, the domination jumped, which is logical.
But you can ask yourself the question - is the dominance of 42.21 enough - to continue the rise in the price of bitcoin?
If the dominance of bitcoin does NOT grow, it will not be able to stand still for a long time and will roll down in a very short time. Even if we assume the growth of bitcoin without the growth of domination.
I expect a splash of domination upwards. Since I suppose that there should be a "fuse" for the further growth of bitcoin - and a further fall in domination.
I expect a splash of domination upwards. And this rather means that the correction awaits us in the future.
And as it happens to me - the idea must be different at first.
But I noticed a domination patch - which is very similar to the current situation.
And oh my god, I realized that this is a well-known coronadamp in March 2020.
yes, you probably saw the pictures of BTC \ USDT where this site is viewed.
Earlier I rejected this similarity to the pair against the dollar. But by domination, this site was striking.
I do not want to assume price levels. But it looks like the correction may be more than many think.
Another drain is more likely - a sharp but rather quick recovery.
Also in this idea of mine I again fell into the trap of "spring 2022". I have already published ideas on BTC on my channel - and I am considering the option of the peak in spring 2022 as an alternative option, to the option December 2021. I still have not solved this dilemma and domination only adds ambiguity.
In any case, I do not consider the current market to be bearish. And I expect ATH bitcoin 93-102k dollars per BTC by December 2021 (priority option) \ spring 2022 (my next priority option).
This is the idea. and Alas, she also leaves questions. You can write your thoughts in the comments.
Additional descriptions on the chart.
