BTC.D 1D (CryptoCap) Descending channel breakout
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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!
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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.
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BTC.D 3D: That would be the macro view:
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