Bitcoin Dominance seems to be struggling with it's Bulls, however, momentum is shifting on the MA although in daily time frame they still remain semi-bearish.
Take heed for Bitcoin Dominance skyblasting up since it has fallen for months now, creating space for Alt's to skyhigh on All Time Highs with ETH at 4K, ADA 2.25$, BNB 700$, LINK at 50$, DOT&UNI 40-50$ and many other which exploded even more comapred in ROI means.
If you are currently holding bags of ALTS or you are wing trading them, I'd suggest to be aware of BTC.D and checking Bitcoin's power valued against USDollar.
If Bitcoin starts to plunge on price lower than 30K while BTC.D increases, Alts will suffer BADLY like previously .
Chart Legend:
Note that dashed horizontal lines are kye support-resistance areas throughout BTC.D's candlesticks movements, while the bolded dark blue and dark purple are fibb circles taken from ATH at 99% Dominance to the lowest bottom and reversed. In the larger time-frames they act ad roadmaps for movements that occur on BTC.D( down below I'll provide some references but I hope you wouldn't mind the noise :) .
Also at LINK related Ideas you will find previous calls and works with BTC.D and it's updates, I'll be pleased if you are willing to check them out.
TRADE SAFE!
Please make sure to understand that this is not financial advice.
Everything that is published from anyone is mere speculation and no one will guess it wright on things will play out, but looking at various works can provide you to weigh where we are by your own logic and diligence
Consult your financial advisor before partaking any trading activities with your money wich may occur at loss.