I see BTC dominance decreasing in the daily timeframe it can take a little bounce from support and go further down to fil FVG (fair value gap), order block and there is also a POC.
You can see on the chart clearly RSI is oversold. It is possible after a retest at 44.46% BTC.D will move upwards to the next resistance at 45.72%. This will bleed BTC and ALTs prices.
I have marked the BTC dominance area at 41.90%, if BTC.D reaches this level this is good for BTC and ALTs.
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
I am not a market maker I could be wrong.
Everything is on the chart.
Thank you
You can see on the chart clearly RSI is oversold. It is possible after a retest at 44.46% BTC.D will move upwards to the next resistance at 45.72%. This will bleed BTC and ALTs prices.
I have marked the BTC dominance area at 41.90%, if BTC.D reaches this level this is good for BTC and ALTs.
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
I am not a market maker I could be wrong.
Everything is on the chart.
Thank you