Bitcoin vs Altcoins

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Hello, Traders!
Monfex is at your service and today we overview Bitcoin Dominance.

Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
  • the resistance line of the descending channel
  • MA100
  • the ex-support line


Wait for a bounce down to the support line. It's also will be Wave C of Elliott Correction Waves (ABC).

Share your thoughts, ideas about the market under the chart.

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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Daily chart
Bitcoin vs Altcoins
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With other coins
Are Altcoins more reliable ?
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altcoinaltcoinsBitcoin (Cryptocurrency)bitcoindollarbitcoindominanceBTCbtcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysis

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