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More on Dominance

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Often Dominance bottoms create pullbacks across the spectrum. I've highlighted some examples here.
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People are talking about "the flippening" on Crypto Twitter after Elon's 180 on bitcoin mining. Elon doesn't give a sh*t about crypto peeps. These guys talk down the markets they want to BUY. The only flippening will be an altcoin massacre.
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BANG. Alts battered. We f'n NAILED this. Dust needs to settle I wouldn't expect a bottom tonight
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I'm liking a bottom SOON here imho. BTC around 42-43 looks like a nice R/R for a long.

ETH has put in a measured move to 3350~, but ETH doesn't look great on the RSI so I am staying away from that for now. BTC is a safer bid here in my opinion
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BTC low achieved - spot on. Whether we need one last squiggle down to 41,700 i don't know. But looks like BOTTOM IN imho. Dominance still hasn't really moved up significantly (although low cap alts got slaughtered). Open to being wrong on dominance - it would be better for the market! We'll see. #BTFD
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BTC obviously went WAY lower than I expected. Dominance curling up so I will be monitoring this over the coming days. I bought heavy in BTC from 38-42 and am holding.

Feragatname

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.