Bullish Bitcoin Dominance
Confirmation: 55.53
Invalidation: 52.87
Type of Trade: Cyclical
Pattern: Bullish Flag
How to interpret this data?
For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin.
For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
Invalidation: 52.87
Type of Trade: Cyclical
Pattern: Bullish Flag
How to interpret this data?
For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin.
For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
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