BTC Dominance has just bumped into 200 weekly moving average and we are likely to see a short term dip in bitcoin dominance, which means, altcoins are likely to pump (in BTC ratio mainly).
It is hard to tell of how deep BTC dominance is about to retrace, but I have identified 2 major support zones based on previous resistance, and fibonnaci retracement...
In this post I will try to provide my in-depth analysis of BITSTAMP:BTCUSD on weekly charts.
But before I do that, let me briefly describe my trading style.
I am a strong believer that 'less is more' and therefore I only trade when bigger market opportunities present themselves. I tend to stick to 1W and 1M charts (depending whether its stocks or crypto, and...
