This looks like a clear bullish breakout and retest for Bitcoin Dominance to me.
It makes me thinking that ALT market could suffer for next 2 months or so!
We may see a last pump from here and there but I believe this is the return of king BTC.
If this was tradable, I'd be longing on the zone, but since it's only an index, I will reduce my alt positions.
It makes me thinking that ALT market could suffer for next 2 months or so!
We may see a last pump from here and there but I believe this is the return of king BTC.
If this was tradable, I'd be longing on the zone, but since it's only an index, I will reduce my alt positions.
Nota
My view would allow an alt season in November!Nota
Playing out almost exactly as planned...Nota
#BitcoinDominance is still going up!Nota
Rejected on highest parabolic curveWe could see a pullback to the lowest parabola letting ALTs breathe a little!
Nota
Nailed it so far on #BitcoinDominanceI hope you shorted some ALTs or at least reduced exposure as I suggested several times!
I am now expecting that pullback before it resumes bullish.
Nota
BTC.D 3D: That would be the macro view:
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.