It is a good time to be in ALTS for more $BTC
IF your looking to increase your bitcoin now is the time to be in ALTS with good projects.
Bitcoin dominance is hanging on a thread here and stopped its uptrend hitting resistance. This is the 4th lower High we have had without a callapse in dominance.... thats coming quick and fast
Here is the thing: The daily stochastic RSI is curling out of the 80 zone (overbought) at the same time the MFI warning of a sell off and the RSI crossed the mid-line. But on the weekly the bigger picture presents itself with the Bollinger band so compressed with the candle under the middle band and low end of linear regression.
Even though in the short term we can see a small increase in dominance, Bitcoin will bounce here in-terms of fiat, but IMHO Good Altcoins are going to outperform bitcoin.
These of-course are my opinion of how I read the market
Bitcoin dominance is hanging on a thread here and stopped its uptrend hitting resistance. This is the 4th lower High we have had without a callapse in dominance.... thats coming quick and fast
Here is the thing: The daily stochastic RSI is curling out of the 80 zone (overbought) at the same time the MFI warning of a sell off and the RSI crossed the mid-line. But on the weekly the bigger picture presents itself with the Bollinger band so compressed with the candle under the middle band and low end of linear regression.
Even though in the short term we can see a small increase in dominance, Bitcoin will bounce here in-terms of fiat, but IMHO Good Altcoins are going to outperform bitcoin.
These of-course are my opinion of how I read the market