Bitcoin Dominance about to gain back!
I have gone through many time-frames and it looks like BTC dominance will start to gain back its power over Alts. I have bookmarked the 23 hour chart for confirmation of when. Alts have about 1-2 weeks MAX of any growth against BTC.
The chart shows extreme oversold and completely stretched to the downside with the RSI MFI oversold for 6 weeks, while the stochastic RSI has been oversold stagnated below since Feb2021.
The candle is way below the Linear Regression and has ridden the Bollinger band down quite alot.
My plan is to sell out of Alts gradually and sit on stable coins and cash, because even though BTC dominate will rise, the actually price of Bitcoin is overbought.
The chart shows extreme oversold and completely stretched to the downside with the RSI MFI oversold for 6 weeks, while the stochastic RSI has been oversold stagnated below since Feb2021.
The candle is way below the Linear Regression and has ridden the Bollinger band down quite alot.
My plan is to sell out of Alts gradually and sit on stable coins and cash, because even though BTC dominate will rise, the actually price of Bitcoin is overbought.