BTC.D is about to retest !! Alt-rally ??

cryptowlis Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %

It seems that BTC.D is already in a downtrend towards 48%. The Dominance Dip along with sideways movement implies a significant pump for altcoins or a small 'alt-rally' before BTC makes significant movements from the $32K region.

Also, it is likely that the BTC.D may bounce back to 56% after that. This may be, because (1) BTC continues to move upwards (2) Another possibility is the breakdown towards the $20K region and alts bleed.
So, I think it's better to close altcoin-LONGs when the retracement completes or BTC.D reaches around 49%


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.