BTC Dominance: Trending up, if it breaks out...

I can see a big rally in Bitcoin Market Cap Dominance here. We had a good signal which I pointed out in my previous chart, both the decline until the target, as well as the move up rebounding from it as it flashed a bottom signal. Alts are weak here, most look like trending down further vs $Bitcoin so I would urge investors to hold $Bitcoin rather than alts here. With some exceptions, overall, the altbtc ratio will likely trend lower still as a whole.
Next step is seeing how it acts when the cyan box above is retested in a couple weeks.

Cheers,

Ivan Labrie.

Trade wurde manuell geschlossen:

Looks like dominance will drop for a bit longer here.

Kommentar:

Broke out after some consolidation, it's now a massive long term trend against alts.