BTC dominance & Price Div, bearish but bullish, Alts rally in???
As we can see on the dominance and price chart, there was a bearish divergence in both chart which resulted in the sell off, and now we have a double bottom on the dominance chart while btc is still having Higher lows, this is another divergence, a hidden one though and when we look at the macd and rsi on the dominance chart, we can see bullish divergence there as well, this simply means the dominance chart can take an upward turn.
Checking both rsi and macd on the price chart as well, there is a hidden bullish divergence as well and this can result in btc reacting positively from the demand zone which is correctly marked and price approaching.
These are my opinions and i hope we can see some consolidations or ranging in price this next few days to allow altcoins to rally.
You can share your opinions as well.
Checking both rsi and macd on the price chart as well, there is a hidden bullish divergence as well and this can result in btc reacting positively from the demand zone which is correctly marked and price approaching.
These are my opinions and i hope we can see some consolidations or ranging in price this next few days to allow altcoins to rally.
You can share your opinions as well.
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