(Links to previous ideas below)
Historically we know December has been a pivotal moment for Bitcoin Dominance where it begins to retrace. This retracement is particularly more aggressive during bull cycles as we saw during December 2016 and 2017, as capital begins to flow into altcoins.
The monthly candle closes in 2 hours and is on track to close as a huge bearish engulfing. My next targets 57% and 53%. If you are holding BTC, i'd suggest taking a portion and shifting into alts.
Historically we know December has been a pivotal moment for Bitcoin Dominance where it begins to retrace. This retracement is particularly more aggressive during bull cycles as we saw during December 2016 and 2017, as capital begins to flow into altcoins.
The monthly candle closes in 2 hours and is on track to close as a huge bearish engulfing. My next targets 57% and 53%. If you are holding BTC, i'd suggest taking a portion and shifting into alts.
