BTC.d Alts might be in trouble
BTC.D has formed a strong bullish divergence at range support with a triple bottom. This might lead to a bounce for BTC.d which spells trouble for Alts. Usually when BTC.d goes up, market is sliding as a whole with alts dropping faster than BTC.
We can see a similar analysis with 100-BTC.d which represents the dominance of the market excluding BTC.
We can see a similar analysis with 100-BTC.d which represents the dominance of the market excluding BTC.
Note
went up better than I expected Note
Disclaimer
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.
Disclaimer
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.