A lot of things have happened in the past few days in relation to btc dominance that is reflected in breaking the bull trend we've established this cycle
you have the XRP ressurgence that led the altcoin mania which culminated with DOGE rally and continues as people move to find the next moon
BTC has been quietly allowing this to happen but for how long?
It can go on for ~1month more at this rate but then we will be in critically dangerous territory
For this to go on BTC should confirm it's loss of bull trend and local support in favor of continuing to concede to altcoins in its new downtrend.
I'm looking at the next 10 hours to be critical for this confirmation as all these trendlines will cross and a pivot point is reached.
Either way I don't see btc "crashing" at least for another month of BTC.D dropping at its current rate, since there's a lot of liquidity in alts right now that will rally to its support in the event of a serious drop
you have the XRP ressurgence that led the altcoin mania which culminated with DOGE rally and continues as people move to find the next moon
BTC has been quietly allowing this to happen but for how long?
It can go on for ~1month more at this rate but then we will be in critically dangerous territory
For this to go on BTC should confirm it's loss of bull trend and local support in favor of continuing to concede to altcoins in its new downtrend.
I'm looking at the next 10 hours to be critical for this confirmation as all these trendlines will cross and a pivot point is reached.
Either way I don't see btc "crashing" at least for another month of BTC.D dropping at its current rate, since there's a lot of liquidity in alts right now that will rally to its support in the event of a serious drop
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.