BTC Dominance More Alts Squeeze?
Hello everyone.
It's very important to understand that every alt season depends on Dominance. It tells you the flow of money from alts to BTC or vice versa.
In this Chart we can see that Dominance got rejected from the Red line which is acting as a strong Resistance in almost every TF. The green support line is currently acting as a support in this chart. If it gets broken then we can see more growth in Alts.
Another scenario If it jumps from the green support line and breaks out we might see more blood in the market.
I want to see the first scenario to play out well.
If it fallsThe maroon dotted lines are support lines.
Keep in mind guys The real Alt season will come only if Dominance falls below 58%.
IF YOU LIKE THIS CONTENT PLEASE HIT THAT LIKE BUTTON.
THANK YOU FOR YOUR TIME
#PEACE
It's very important to understand that every alt season depends on Dominance. It tells you the flow of money from alts to BTC or vice versa.
In this Chart we can see that Dominance got rejected from the Red line which is acting as a strong Resistance in almost every TF. The green support line is currently acting as a support in this chart. If it gets broken then we can see more growth in Alts.
Another scenario If it jumps from the green support line and breaks out we might see more blood in the market.
I want to see the first scenario to play out well.
If it fallsThe maroon dotted lines are support lines.
Keep in mind guys The real Alt season will come only if Dominance falls below 58%.
IF YOU LIKE THIS CONTENT PLEASE HIT THAT LIKE BUTTON.
THANK YOU FOR YOUR TIME
#PEACE
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