BTC Dominance Kills Altcoins
BTC.D is trading at neckline trying to break the resistance level on bigger time frames.
While we observe the bleeding of the altcoins.. we can only hope this will stop
And the dominance won't brake any resistance and start to decline.
This is challenging because Bitcoin may start a new cycle..bearish or bullish
Either way Altcoins may need to wait after smart money to flow into smaller caps
We shall see an early sign of this in the next few days...
Most of this may be strong corelated with the ETF approval
Take Care !
Upside target : 60%
Downside : 47%
While we observe the bleeding of the altcoins.. we can only hope this will stop
And the dominance won't brake any resistance and start to decline.
This is challenging because Bitcoin may start a new cycle..bearish or bullish
Either way Altcoins may need to wait after smart money to flow into smaller caps
We shall see an early sign of this in the next few days...
Most of this may be strong corelated with the ETF approval
Take Care !
Upside target : 60%
Downside : 47%
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very close to some kind of resistance
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