Hi,
BTCD has been in a downtrend since late Oct, but the market overall has not been bullish since then. So, Bitcoin dominance is not a factor anymore. We can't consider this as a critical factor in our TAs.
As you can see on the chart, it's at the support on the weekly chart, but the breakdown is more likely to happen soon. I don't think this breakdown affects altcoins.
BTCD has been in a downtrend since late Oct, but the market overall has not been bullish since then. So, Bitcoin dominance is not a factor anymore. We can't consider this as a critical factor in our TAs.
As you can see on the chart, it's at the support on the weekly chart, but the breakdown is more likely to happen soon. I don't think this breakdown affects altcoins.
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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.