BTC dominance is about to raise more, bad news for altcoin

BTC dominance (BTC.D) runs in a parabolic curve since April 2019. After got over 32.8% and 50% Fib. retracement (considered as resistances) at around 58% and 65%, BTC.D is now heading to the 61.8% Fib. retracement (at around 72%), which is the strongest resistance.

I expect a strong correction of BTC.D when it reaches the 61.8% Fib., from now to then BTC.D will easy of moving straight toward that resistance. As mentioned in the previous post, when BTC dominance is quite high, there is not a good time for altcoin, then altcoins will suffer more selling pressure on the next days.

As BTC dominance is quite high, any big move of BTC in any directions will lead to a big dump of altcoins.