Am betting that the dominance charts are the real charts to watch. Everything else is subject to manipulation, eg. trading against bitcoin, trading against national fiat currencies, in the broad global enviornment. The charts don't tell you anything. Which is why EOS.D is my new favorite chart. We can see that we are at previous long term support on dominance. Expect once this bearish trend is over, we go back to 6-10% dominance - maybe more. :)
Yorum:
well it's looking like we had a solid bounce off that key dominance support level. Not sure what's going on with the prices but i'm happy with increasing "D". Looking like this had more impact than the price alone. Prices look a bit depressed due to lack of bitcoin breakout. Everything is looking relatively positive though and consolidating well. I think people are buying bitcoin and major alts right now.