BTC Market cap dominance scenarios updated
BTC dominance has broken the bottom of the wedge. It could revert back to the top of the wedge or continue down. Lowest estimate for dominance is approximately 25%. We are already seeing strength in altcoins and DOGE could accelerate this trend if it continues gaining strength. I am still skeptical that it will break and continue right now as the wedge looks like it should develop a little more first.
Note
sitting right on trendlineNote
Tracking so far. Watching for 20 area to end alt season
Related publications
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.
Related publications
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.