GOLDMANSAK

BTC.D - ULTRA BULLISH /ALT BLEED

Long
GOLDMANSAK Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D is bottomed or is bottoming out. Meaning we could drop lower towards most below blue line. If that happens it will be a ultra bullish pattern => Inverted H&S into a mini inverted H&S. However the whole structure is bullish. Expect it to reach 50-52% where alts will bottom, this is the point to buy in. Expecting V shape recovery for alts afterwards, for at least 2x to 4x. Be carefull, bullish BTC.D means, alts will outflow and inflow into bitcoin resulting in 30-40% cheaper from todays current price of alts.
Comment:
the purple band with blue line in it is the 50 ema on 4H. As you see, we are below it, acting as current main resistance. Expect uptrend when we claim 50 ema on 4H as support. Very soon.
Comment:
The TA is playing out perfectly, it is even possible we skip the right shoulder and pump straight to 49-52% area. This is where you should buy in into alts. When we hit 49-52% this should mean alts will be approx. 40% cheaper from current price !!!!

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.