BTC's dominance doesn't necessarily mean BTC's price flow.
The dominance of BTC is at 67.44 and 63.38.
The increase in BTC's dominance means that Altcoin's dominance will decrease.
In order for BTC and Altcoin to rise together, BTC's dominance should drop, at 67.44 and 63.38.
If you go below these two points, the altcoins will be going up tremendously.
Then, the BTC's dominance will rise, creating a bull market and creating highs.
As it is now above 67.44, altcoins may be falling short of BTC price flows.
In order for Altcoin to rise, BTC's dominance should fall below 67.44.
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From the BTC trend, I think it is highly likely that around January 21 (January 20-January 22) will be an inflection day (a day when the volatility is expected to be severe).
We expect to rise above 200MA on BTC's 1D chart, but we need to think carefully and trade.
The dominance of BTC is at 67.44 and 63.38.
The increase in BTC's dominance means that Altcoin's dominance will decrease.
In order for BTC and Altcoin to rise together, BTC's dominance should drop, at 67.44 and 63.38.
If you go below these two points, the altcoins will be going up tremendously.
Then, the BTC's dominance will rise, creating a bull market and creating highs.
As it is now above 67.44, altcoins may be falling short of BTC price flows.
In order for Altcoin to rise, BTC's dominance should fall below 67.44.
----------------------------
From the BTC trend, I think it is highly likely that around January 21 (January 20-January 22) will be an inflection day (a day when the volatility is expected to be severe).
We expect to rise above 200MA on BTC's 1D chart, but we need to think carefully and trade.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
