#BTC Dominance Update: Dominance broke below the bearish pennant looks like it want to retest the first Green support. If it does I am sure it should provide room for alts to grow.
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We recently got to see Altcoins really holding well no matter what if BTC is pumping or dumping. Also many have started to pop already! 200-400% gains!
After so long time finally, a Bearish Cross happening on MACD Monthly Bitcoin Dominance chart!
Is everyone prepared for an Altcoin Season?
I hope most of you have bought their favorite gems and ready to moon!!
Here is the BTC dominance graph.
Currently its at 69.31%.
Todays highest dominance was 69.78%
The highest on 6th Dec 2017 was 69.99% and from there it dumped for almost 50%.
But this time,case is different.
BTC seems to be breaking the level of 70%. If we break that level and if we close above 70%,then we will be moving towards 75% dominance which means there...
BTC.D is currently forming an ascending triangle.One thing most of the people didn't realize is that during the ascending triangle(this week) $BTC.D tested previous strong resistance. And now it is ready to be launched. My prediction is that It's going to break the ascending triangle and move towards first resistance line. Around $16,500, and then it...