CrazyS

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Short
CrazyS Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D
BTCUSDT

There are two scenarios for the start of a bullish rally in altcoins.
  • Scenario 1: If Dominance fails to break above the 53.35 level, it will move towards the bottom of the pitch-fork. In that case, we will have a short but relatively intense and exciting rally in altcoins.
  • Second scenario: With Dominance stabilizing above the level of 53.35, the rise of Dominance to the level of 57 will cause Bitcoin to continue its rally and test the level of $70,000 and above. Further, by placing Dominance between two blue resistances and even falling to the bottom of the pitch-fork at the same time as Bitcoin stabilizes at around 65-70 thousand dollars, it can involve altcoins in a longer-term rally than the first scenario.

Note: This week, after a short period of time when I had little analytical activity on this page, I plan to introduce and analyze my suggested altcoins in this rising market. We will have fun plans soon.

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Comment:

Based on the previous downward scenario✍
Dominance will move towards the support area in the current situation.
(Altcoin movements are likely to be a lot.)

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