For the short term, get ready for another bounce of BTC dom. and hence flipping from ALTs to BTC.
NOTE: I'm thinking of doing a video post on this showing historical data to support this strategy, its very useful.
As for the chart, we see the regular bullish potential to play out again based on the double bottom and having the RSI giving divergence as per past action. Hence looking for these 2 indicators to cross over (whereas the MACD is delayed some more).
As a reminder, BTC dominance usually goes up in 2 scenarios, a significant drop in price or a spike in price. Seeing a potential BTC dominance bounce I'm more inclined here to be biased towards BTC price going up to 10700 to 10800 resistance range.
Cheers, S.SAri.
Bigger picture, wedge formation
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On the 4 HRLY, we have the WT as well as the others, ALTS will start dropping while BTC either goes up or holds this level.
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As per my initial commentary.
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Question is here, is this a temporary resistance and BTC can go up some more. I have upward pressure still going