๐ค #SENTIMENT- 30.08 ๐ค
TLDR
In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally
USDT DOMINANCE
Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts
ALT CAP EXCL. BTC & ETH
Playing out the last of a Head and shoulders pattern with the possible bottom in the next few days then could result in a big rally from there driving Alts up
BTC
Finishing off the last of a descending wedge over the next few days then possibel breakout on the cards
BTC DOMINANCE
We will likely see a bounce at the bottom of this channel now as a result of BTC pumping - this may leave Alts a little stagnant but they will follow.
In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally
USDT DOMINANCE
Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts
ALT CAP EXCL. BTC & ETH
Playing out the last of a Head and shoulders pattern with the possible bottom in the next few days then could result in a big rally from there driving Alts up
BTC
Finishing off the last of a descending wedge over the next few days then possibel breakout on the cards
BTC DOMINANCE
We will likely see a bounce at the bottom of this channel now as a result of BTC pumping - this may leave Alts a little stagnant but they will follow.
