ssari

BTC Dominance (TA) is coming back soon - Edition 2

Long
ssari Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
just now
Observations: 

The ALTs have made major gains while BTC went into consolidation\sideways movement. 
The ALTs have reach their thresholds, some extended further with some project updates. 
On the chart, BTC has hit the 0.786 retracement for the second time and in the 4hlry, a strong green candle. 
While this is happening, I see ALTs starting to wind back. 

I would say its probably getting close to the time to flip back to BTC while its sqeeze is nearing completion.
Trade active:
What next, my guess is that ALTs will climb back to restore the value they lost while BTC finds its norm. The another BTC breakout to the upside again. BTC dominance target is 59.6% in immediate future. Currently 58.62%
Trade active:
Comment:
Trade closed: stop reached:
target reached.. expected it to go more but wasn't the case.

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