BTC DOMINANCE (Y20.P1.E1).Bullish

Hi All,

Looking at the daily BTC dominance, we see that its about to break out to the upside.
What can this mean?
a) Bitcoin is going to go up more quicker than the ALTs
b) Crypto is about to go down fast and BTC will retain more value than the ALTs

One observation from historical data is that BTC does better than the ALTS when its below the WEEKLY 21 EMA.
When we go above the 21 EMA, the ALTs tend to do better.

I have 2 samples here with BTC pairing to prove this point.

I am of the thought that BTC has a little more to go up, for now, I'm looking for a pullback.
This is not trading advice, just an observation. If your due-diligent enough to find ALT pairing charts that have a break out formation, then good for you.
If you don't, then stick with BTC as its less risk, especially in the next week or 2.

Refer to my previous post for details.

Please give me a tick or a like for your appreciation.
Maybe some of this will give you ideas on how to look at the bigger picture.

Regards,
S.Sari

تعليق:

Chart looks positive in the 4 hrly and 12 hrly, candle stick formations.

تعليق:

It's b) it looks like the drop in price pushes the BTC dominance up. I was hoping it was a) Bitcoin is going to go up more quicker than the ALTs

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target reached.