As expected BTC dominance started dropping. I expected 74-75% but it came up just short.
My custom indicator "Top Goon X" gave the signal and the dead cat bounce to the .786 which is where we expect it to continue down.
What will happen next?
It's likely that dominance drops a small amount more. Once my indicator breaks below that blue zone we will likely see a bounce in dominance.
Once that bounce is complete then we should start to see a big drop in dominance.
My custom indicator "Top Goon X" gave the signal and the dead cat bounce to the .786 which is where we expect it to continue down.
What will happen next?
It's likely that dominance drops a small amount more. Once my indicator breaks below that blue zone we will likely see a bounce in dominance.
Once that bounce is complete then we should start to see a big drop in dominance.