BTC dominance update using 1D time frame:~
as you can see few days back I said BTC dominance could potentially touch 71.5 - 72% level and hit that exact trend line resistance then dipped 📉 .....
for past 2 days it kept falling and now its 3rd consecutive day following the red candles but here is the tricky part... ⬇
you can see today's candle is so far forming a Doji
and DOJI candle always indicates a reversal 📈
So, my thought is if today I see this candle closes as Doji then No more chance for alts growth this week
but if if if this current Doji type candle falls below that Red zone, then I will accumulate alts for short term (only for 1-5 days hodl)
@TecnicalCrypto #Dominanec
as you can see few days back I said BTC dominance could potentially touch 71.5 - 72% level and hit that exact trend line resistance then dipped 📉 .....
for past 2 days it kept falling and now its 3rd consecutive day following the red candles but here is the tricky part... ⬇
you can see today's candle is so far forming a Doji
and DOJI candle always indicates a reversal 📈
So, my thought is if today I see this candle closes as Doji then No more chance for alts growth this week
but if if if this current Doji type candle falls below that Red zone, then I will accumulate alts for short term (only for 1-5 days hodl)
@TecnicalCrypto #Dominanec