BTC Dominance | Winter is "Almost" Coming
Hello traders,
Its been a minute since I last checked my wallet, cause I don't love seeing red. Who loves to?
BTC dominance on the 2W timeframe has been in an impulsive bullish uptrend. Structure-wise, it has printed multiple BOS + CHoCH, which tells me that capital are still rotating into Bitcoin, not alts.
What make me believe this further, is that BTC is forming a short-term bullish structure that might target $100-105k price range
Only after BTC dominance reaches 70% area, we might start expecting shift. Distribution on BTC.D and the conditions for an ALT season.
Historically, BTC dominance has struggled to make HH that is why I'm expecting a drop from the previous Bearish OB
TL;DR: BTC dominance shall drop from the range of the bearish OB 70% which shall align with its projected bull run to $100k-105k price range. After that, we can call for ALT season.
Good Luck!
Please drop a like and share your thoughts traders.
Its been a minute since I last checked my wallet, cause I don't love seeing red. Who loves to?
BTC dominance on the 2W timeframe has been in an impulsive bullish uptrend. Structure-wise, it has printed multiple BOS + CHoCH, which tells me that capital are still rotating into Bitcoin, not alts.
What make me believe this further, is that BTC is forming a short-term bullish structure that might target $100-105k price range
Only after BTC dominance reaches 70% area, we might start expecting shift. Distribution on BTC.D and the conditions for an ALT season.
Historically, BTC dominance has struggled to make HH that is why I'm expecting a drop from the previous Bearish OB
TL;DR: BTC dominance shall drop from the range of the bearish OB 70% which shall align with its projected bull run to $100k-105k price range. After that, we can call for ALT season.
Good Luck!
Please drop a like and share your thoughts traders.
Dagangan aktif
Its coming
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Up to 40% trading-fee rebates
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
✅FREE signals:
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.