#FatPigSignals
update : bitcoin dominance
-Over the last couple of weeks, our dominance charts have reversed drastically; this is mostly due to ETH , BNB and other large-cap altcoins gaining traction on bitcoin as their market caps surge! While we have been hovering and testing support at 60% dominance, BTC dominance is still in an overall bearish/neutral trend; in short, we can expect alts to do relatively well unless we see a breakout above 50k BTC. However, given we are bullish on BTC, we can expect it to eventually break our psychological resistance at 50k; invest in altcoins accordingly and take this condition into consideration at all times. On the other side of the spectrum, a breakdown beneath 58% dominance would be additionally bullish for alts ; confirming our head and shoulder dominance breakdown, likely leading to a continuation towards 50% dominance.
https://www.tradingview.com/x/lSZrOrdb/
