BTC Dominance

BTC dominance is falling which means opportunities for well-selected altcoins. We've had a clear BTC sell signal as RSI has fallen out of the overbought zone. This has been confirmed with MACD 4C, SQZMOM and VWMACD, and shortly after ADX has crossed over. I'll be looking to load up on ALTs as soon as we can confirm BTC and ETH are moving back into an uptrend. Until then it's too risky to be taking more than short term trades into ALTs. If BTC loses support at this level almost all altcoins will bleed out badly. If you are game enough to be going long during this period, make sure you have good risk management.