The Bitcoin dominance compared to the Altcoins is looking weak right now.
It tried three times to break through the trend channel the last couple days, but
could not manage to stay outside of it (H4 timeframe). The last 4h candle closed inside
the channel. If the daily candle closes inside the channel today, we can expect a downside
of the BTC dominance, which would lead to a recovering phase for the altcoins from the
bearish days.
We might see the BTC dominance going down to around 60%.
If that happens we even could see a little altcoin rally.
Let´s hope, that the altseason begins :p
It tried three times to break through the trend channel the last couple days, but
could not manage to stay outside of it (H4 timeframe). The last 4h candle closed inside
the channel. If the daily candle closes inside the channel today, we can expect a downside
of the BTC dominance, which would lead to a recovering phase for the altcoins from the
bearish days.
We might see the BTC dominance going down to around 60%.
If that happens we even could see a little altcoin rally.
Let´s hope, that the altseason begins :p
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.