BTC dominance (Y20.P3.E6).MACRO.Bullish

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Hi,

Just a quick observation:
BTC dominance is going up and as per my previous BTC post, I did hint that this price will likely go up.
This explains why many of the Alts are dropping, likely many are flipping ALTs for BTC again.
Until we see BTC dominance reverse at the micro level, be wary of which ALTs you buy or HODL.

As per indicators, they show upward pressure.
My advice is to put stop limits on the BTC parings or flip if you havn't done so with your coins.
It is a short opportunity but not a large long term move. Just the micro level.


All the best,

S.SAri.

BTC chart: 12 HRLY, upward pressure


BTC DOMINANCE CHART


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PREVIOUS BTC DOM post

٢٧ أكتوبر ٢٠٢٠

ملاحظة

Today, many of the ALTs also followed the general stock market trend.
We need to keep an eye on this.

٢٨ أكتوبر ٢٠٢٠

ملاحظة

Still a lot of upward pressure.
We are at the neckline so one can also expect a cup and handle formation meaning a pullback for the handle is also on the table.
If it was to happen, it will start soon.

٣٠ أكتوبر ٢٠٢٠

ملاحظة

BTC has hidden bullish divergence in the short term. 8 HRLY chart. As for BTC dominance, still upward pressure on the larger day time frames.