AliSignals

Will crypto market save itself by beating BTC dominance?

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %


Crypto market is highly correlated to BTC, simultaneously, BTC price impacted by halving! As you know we are so far from a halving which may increases BTC supply! (You can read my related idea)
BTC is about to fall we’ll see if other cryptocurrencies accompany their leader or not!
A descending trend line could be seen in the chart and can’t impact traders at this moment. 40% is historical support for Dominance and see some reactions to it!
Resistance is around 48%. There is a gap between the dominance and level last time, the dominance encounter to the level!
The gap sign that traders believe the dominance will reduce soon or late! What we will not see such thing in around resistance. Too soon to take decisions but bulls are a little stronger!
Monitor the dominance!





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