Bullish Bitcoin Dominance

Confirmation: 55.53
Invalidation: 52.87
Type of Trade: Cyclical
Pattern: Bullish Flag

How to interpret this data?

For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin.

For shorts: Altcoins shorts likely to outperform Bitcoin shorts.

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