Bearish?, Bullish?, not clearly viewing what's going to happen?,
The only thing clear to me is that Bitcoin dominance is becoming very very weak. Actually you can see how all indicators point a bear trend continuation.
Next levels of support i expect is the 36% level, which i dont think holds too much, being the next level aroun 30%.. Could be more?. During this transition is when we might be seeing alts like Eth surpassing bitcoin profitability and eating bitcoin market dominance (along with other alts).
Be prepared, because bitcoin might be slow and boring, but for alts i might be a different story until bitcoin dominance achieves to higher highs, which i don't expect to be soon.
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Coquetrader
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The only thing clear to me is that Bitcoin dominance is becoming very very weak. Actually you can see how all indicators point a bear trend continuation.
Next levels of support i expect is the 36% level, which i dont think holds too much, being the next level aroun 30%.. Could be more?. During this transition is when we might be seeing alts like Eth surpassing bitcoin profitability and eating bitcoin market dominance (along with other alts).
Be prepared, because bitcoin might be slow and boring, but for alts i might be a different story until bitcoin dominance achieves to higher highs, which i don't expect to be soon.
---------
Please like and follow if you liked this idea!!
Coquetrader
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