Bitcoin Dominance Bias Update + Altcoins Rally - Bitcoin Dominance is currently trading at 57.58%
- Altcoins will only trigger a rally when we see BTC Dom triggering a sell-off and bearish trend
- Bitcoin Dom has shown a very minimal slowdown and retracement that's leading to altcoins jumping
- I will be more interested to see BTC Dom breaking down and changing its Market Structure and that's where you will see Altcoins jumping more harder.
- Wait for a structure shift beneath 54% and claim back to 55 and then again a drop that's where we will see huge expansionary moves in Alts
- Q4 has been very bullish in the past expecting the same this year as well.
Btcdominancechart
BTC DOM Bitcoin Dominance Update - Bitcoin Dominance is the major reason behind Altcoins falling badly
- Bitcoin dominance is currently rising and trading around 53.7 which looks bullish
- I expect it to retrace and fall back again from its overhead supply
- You should look to add alts once it's near the supply it might pierce it a little and then fall back too
- Do not get trapped
BTC Dominance Double Top formation | Pump in ALT soonas we can see BTC Dominance have formed Double top. We have seen good rally in bitcoin since starting of this month but Alt;s are under performing. But now, big pump for Alt is coming. This week we'll defiantly see a good rally in Alt Coins.
This is time to long. As per my last analysis on SUSHI, i am 100% sure Sushi will touch $15 by end of this month.