BTCDOMF0 / USTF0Long
BTC DOMINANCE
I see an ascending rising channels that predicts BTC could be in its final phase of dip. If price confirms to this ascending structure, then it ca indicate a confirmation for dominance.
What does this mean for traders?
Well, a break upwards or further ascending structure can mean BTC outperforming altcoins. A break downwards could mean BTC BTC dominance weakening and increased value for altcoins (alt-season). However, this idea can only serve as an indicator for analysis. it is by no means a financial advice. Proper risk management is key.
What does this mean for traders?
Well, a break upwards or further ascending structure can mean BTC outperforming altcoins. A break downwards could mean BTC BTC dominance weakening and increased value for altcoins (alt-season). However, this idea can only serve as an indicator for analysis. it is by no means a financial advice. Proper risk management is key.
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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.