All time highs across the board. Shattered dreams inbound. This is a weekly chart of BTC.D It appears dominance may be finding a potential bottom near the .786 region. I will be monitoring this over the coming months on the weekly and daily time frames.
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Monthly
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Sizeable drops in the markets. Reaction for BTC. Will update upon any further retraces or drops. Careful with Alt positions.
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I hope everyone is staying safe in their positions. These things take time to play out. Some are calling for only a temporary bottom here for BTC dominance and further drop; while others are calling for a much longer term shift in dominance. In either case, this will most likely play out over the next few months so better to react to price and not play Nostradamus.
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Targeting 50th percentile for BTC
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Quick BTC.D update. ETH looks strong relative to BTC. Not sure where we go as many Alts held well relative to BTC during the dump. Last area I'd expect a reversal dump is 887 of the internal retracement.
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Further note. 707 Algo to the tick for the dump :-)
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Update
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Quick Cleaned Update. Daily TF. Starting to get a little bit chilly, no?
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Update on Daily Dom for the person who commented
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3 Day BTC.D Update
עסקה סגורה: היעד הושג
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Jun 6
Comment: Quick BTC.D update. ETH looks strong relative to BTC. Not sure where we go as many Alts held well relative to BTC during the dump. Last area I'd expect a reversal dump is 887 of the internal retracement.
Comment: Quick BTC.D update. ETH looks strong relative to BTC. Not sure where we go as many Alts held well relative to BTC during the dump. Last area I'd expect a reversal dump is 887 of the internal retracement.
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Will need to revisit this soon...
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I'll make some new posts soon. Final thoughts on dominance.