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
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。