BTC Dominance Next Move
Bitcoin Dominance continuing in triangle and there are some possible movement we need to consider for next month. Altcoin Season Index reached 90+ points in August-September and we were heading to Bitcoin Season (25point). But the market reached the 60p, it stopped and started skid. Are we going back to 90p area?
What's my thoughts? I think the movement to Bitcoin Season most likely continue. Let me introduce my Scenario 1.1 and Scenario 1.2 as you can see in graph. I split it to 2 scenario because EMA 200 important.
ETH/BTC parity stuck on FIB 0.5 line. Support levels: 0.064 and 0.058.
In opposite, Dominance will decide to move down and let the Scenario 2 shall guide us under sublime light.
What's my thoughts? I think the movement to Bitcoin Season most likely continue. Let me introduce my Scenario 1.1 and Scenario 1.2 as you can see in graph. I split it to 2 scenario because EMA 200 important.
ETH/BTC parity stuck on FIB 0.5 line. Support levels: 0.064 and 0.058.
In opposite, Dominance will decide to move down and let the Scenario 2 shall guide us under sublime light.
Comment:
Scenario 1.2 occured.