I can see a big rally in Bitcoin Market Cap Dominance here. We had a good signal which I pointed out in my previous chart, both the decline until the target, as well as the move up rebounding from it as it flashed a bottom signal. Alts are weak here, most look like trending down further vs 
BITCOIN so I would urge investors to hold BITCOIN rather than alts here. With some exceptions, overall, the altbtc ratio will likely trend lower still as a whole.
Next step is seeing how it acts when the cyan box above is retested in a couple weeks.
Cheers,
Ivan Labrie.
BITCOIN so I would urge investors to hold BITCOIN rather than alts here. With some exceptions, overall, the altbtc ratio will likely trend lower still as a whole.Next step is seeing how it acts when the cyan box above is retested in a couple weeks.
Cheers,
Ivan Labrie.
Trade closed manually
Looks like dominance will drop for a bit longer here.Note
Broke out after some consolidation, it's now a massive long term trend against alts.
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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.