Bullish Run - Altcoins
Hi everyone,
BTC Dominance crossed a bearish daily resistance in my last analysis. Now its time for some retracement in BTC Dominance. In BTC pairs the majority of the altcoins bottomed, here we have one example, Chainlink that is similar to Tezos, Ethereum etc.
Even though BTC crashed, most altcoins remained bullish in BTC Pairs, that is a good sign and still a good Buy Signal.
In this Daily chart, we have a Triangle Pattern that sets the trendlines support and resistance. Please, be careful as markets are highly volatile and there is no true diversification with USD pairs, because Bitcoin commands all altcoins u$ price, but it is a good timing to buy alts with BTC and sell at the resistance trendline to gain some sats / btc.
* This is not financial advice *
BTC Dominance crossed a bearish daily resistance in my last analysis. Now its time for some retracement in BTC Dominance. In BTC pairs the majority of the altcoins bottomed, here we have one example, Chainlink that is similar to Tezos, Ethereum etc.
Even though BTC crashed, most altcoins remained bullish in BTC Pairs, that is a good sign and still a good Buy Signal.
In this Daily chart, we have a Triangle Pattern that sets the trendlines support and resistance. Please, be careful as markets are highly volatile and there is no true diversification with USD pairs, because Bitcoin commands all altcoins u$ price, but it is a good timing to buy alts with BTC and sell at the resistance trendline to gain some sats / btc.
* This is not financial advice *
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Bitcoin Dominance remains bullish with a hourly MACD crossover, SMA Crossover and EMA with buy signal (for btc). We will have some retracement in altcoins.
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