Bitcoin Dominance at Support
Bitcoin Dominance is showing a 4H Bull Divergence, as well as being at the bottom of a BIG Support Level.
So essentially when BTC.D increases, if you are SHORT on BTC you will get the worst gains. So if the market goes down, Shorting Alts will be more profitable. (This is what I am thinking here is the scenario - a big push up over a few months towards 50% before the next bull run).
When BTC.D increases, if you are LONG on BTC you will get the best gains buying Bitcoin. However, at this point in time, it would not make sense for Bitcoin on it's own to move up without Altcoins moving up more, so for now I am short until the Low 16k's.
So essentially when BTC.D increases, if you are SHORT on BTC you will get the worst gains. So if the market goes down, Shorting Alts will be more profitable. (This is what I am thinking here is the scenario - a big push up over a few months towards 50% before the next bull run).
When BTC.D increases, if you are LONG on BTC you will get the best gains buying Bitcoin. However, at this point in time, it would not make sense for Bitcoin on it's own to move up without Altcoins moving up more, so for now I am short until the Low 16k's.
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