Bitcoin Dominance (BTC.D) | GREEN vs RED

Here is the Bitcoin Dominance (BTC.D) chart, it has been going on a massive run.

Now, resistance is being faced at the 1.618 Fib. extension level.

We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.

GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).

RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).

There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.

This is not set in stone though as this chart remains 100% bullish.

Trade at your own risk.

Thanks a lot for reading.

Namaste.

Yorum:

Closing below EMA10 4H timeframe.
Bearish divergence with the MACD and RSI.

Yorum:

It is going red my friends... It is time for the altcoins to shine.