Cryptorobert

Cryptorobert

A falling BTC dominance has now reached the rising MA 50 (yellow) on the weekly chart, has touched it and it has slightly bounced, while the falling MA 200 (purple) is rapidly converging. The rising MA 50 is a strong support, and the bottom of a rising channel (in black) adds even more support. If the MA 50 is broken, we'll soon have a death cross and a powerful...

Cryptorobert Updated 

BTC dominance has now reached the descending MA 200. This could act as a strong resistance as according to TA it is likely to bounce - which would cause an altseason. Or we may break through the MA 200 and then we'd likely have an altcoin capitulation. Time will tell.