BTC Dominance (TA) - need to keep an eye out It seems we need to keep a close eye on this, as I wasn't paying attention to it.
When I looked at some ALTs, some of them did OK.
It really depends on how this stage, how BTC drops and recovers, as it can create room for the ALTs to jump in
Updated details from the original forecast >
Before
Btc-dominance
Bitcoin Dominance/ When Alt Season?I know everyone is so itchy and calling for alt season, but it simply will not come until this bitcoin dominance chart reverses trend. The shaded area is the key level. Once this breaks down and below that we could see alts turn, but as of now, it is holding as support and bouncing meaning, death the most alts. This means money is flowing out of alts, and into bitcoin and this will act as the gas to propel BTC to 9000 and likely 9800-10,000 imo. Alts are risky until bitcoin is done running, watch this chart it is your key indicator, not crypto twitter... Long BTC, not alts.
Ripple is at Bottom Support .. Ripple BINANCE:XRPBTC is decreasing from 9000 Satoshi to 7000 satoshi.
7000 satoshi is work as a support in prev. months, Price is almost stay there, Due the increasing the BTC dominace, the price breaks the 6900 satoshi, & now sitting at 5800 satoshi..
Technically,
RSI is almost oversold zone.
Price needs to break the downtrend , for bullish rally.