Bitcoin DOMINANCE going down - ALT season to continue.
In our previous update we outlined how Dominance chart is taking a beating and is now consolidating around previous support levels. But is this consolidation to be considered re-accumulation or distribution?
The fact that this is the 4th time that support level is being touched, leads us to believe any bounce in the dominance will be short lived and more downside is in the cards.
Consequence from this would be continuation of alt season.
Enjoy!
The fact that this is the 4th time that support level is being touched, leads us to believe any bounce in the dominance will be short lived and more downside is in the cards.
Consequence from this would be continuation of alt season.
Enjoy!
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: www.binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523