Bitcoin Dominance Analysis
BTC dominance by DR-SherifAborehab on TradingView.com
BTC Dominance is a crucial chart to monitor to know whether to trade BTC alone or benefit from Alts, or even get out of the market
as we can see,
BTC D in a downside channel for more than 1 year .
we had a good reflection again from the upper trend of this channel .
some correction is expected to the levels of 59 then downside will continue .
this scenario is valid as long as the price still in this down channel .
the medium range target is 53 , of course I have more downside targets, but I’ll reveal them in time .
this downside of the #BTC dominance will give #ALTS the chance for recovery giving us a good opportunity to hop in the #ALTS season