Altcoin dominance - wait for confirmation
Every time this chart shows growth, BTC dominance is decreases. This is a positive factor for altcoins. Is likely that the local correction on them is coming to end.
While the price of BTC is above 56k, the triangle structure is relevant. Consolidation below 50k confirms the bearish ABC structure. If BTC price fixing above 74k, it will confirm the beginning of the last growth wave of the bull cycle.
Another strong bearish indicator - the price of Bitcoin went below the 2009 trend line:
Good luck in your trading and have fat profit!
While the price of BTC is above 56k, the triangle structure is relevant. Consolidation below 50k confirms the bearish ABC structure. If BTC price fixing above 74k, it will confirm the beginning of the last growth wave of the bull cycle.
Another strong bearish indicator - the price of Bitcoin went below the 2009 trend line:
Good luck in your trading and have fat profit!
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