Total Alts. Market Dominance (alt season in few weeks)
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Hi guys, wish you all good day. We are here to check alt coin market. OTHERS.D as i said before we are in historical time for crypto market since it's beginning. Most of coins been green for last couple of days and we all enjoyed and earned descent profit. but how long will it last? let's check charts one by one. First, Bitcoin dominance; according to the charts Bitcoin dominance facing a trend line that so far worked as a dynamic resistance for 4 times (in weekly time frame). that line resisted so good till now. so here is the possible scenario by rejecting BTC.D from that trend line alts. will have the chance to grow comparing to bitcoin but this needs bitcoin to go side ways. Second, Alts. dominance; it doesn't really look good. break down from trend line, made last kiss for that trend line and continue to fall. most probable move is to go deeper to 6.23 it means alts will stop moving for a while Total alts. market; after a successful break from 200B area volume needs to take a break and test that level before moving any higher. so i expect to see alts decline for a while (a week or maybe two) As a result we may see alt season in a couple of weeks. for now, save your profits and wait for better time to get in again.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.