CoinsightGhost

Bitcoin Dominance Bullish

Long
CoinsightGhost Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
On the daily chart we can see there was some previous resistance at 68-69 on the daily chart. Well it looks like on the lower timeframes at the green arrow, this level has broken as resistance and potentially is now acting as support. This is typically very bullish meaning there is potential of a move to at least 76 or even 80. Imagine what this will do to alts. I have warned everyone since April. PLEASE BE CAREFUL if you are playing in alts and keep a close eye on this chart, I cannot stress this enough. If dominance moves to these levels many alts could be destroyed.
Comment:
Altpocalypse should have been the title.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.