Hello, Traders! Monfex is at your service and today we overview Bitcoin Dominance.
Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
the resistance line of the descending channel
MA100
the ex-support line
Wait for a bounce down to the support line. It's also will be Wave C of Elliott Correction Waves (ABC).
Share your thoughts, ideas about the market under the chart.
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