Last time on the 9th of december 2017, BTC dominance was at 70% This was followed by a sharp decline.
The following 30 days caused a rally in ETH and the alt coins as money was flowwing from bitcoin, into the alt coins.
We have also completed a 5 wave drive pattern so i expect some corrections to follow, especially because this is a very strong resistance...
The Bitcoin dominance compared to the Altcoins is looking weak right now.
It tried three times to break through the trend channel the last couple days, but
could not manage to clearly stay outside of it (H4 timeframe). The last 4h candle closed inside
the channel. If the daily candle closes inside the channel today, we can expect a downside
of the BTC ...
Expecting a fall here as I see a chuvashov fork developing. This should provide a recovery for many alts as they have a lot of events coming up towards the end of June. Sell alts at the end of June before BTC moves up to 12K ish, buy alts there or just short BTC.