3-day increase Bitcoin dominance = more punishment for Alt-coins

Notable bullish divergence taking place on Bitcoin following an oversold condition. Alt-coin positions might be about to take more punishment than that already made. Might be a shrewd move to sit in cash whilst this chaos plays out.

Trade ativo:

BTC dominance continues to rise. This does not automatically mean price increases. Indeed a sudden rise in dominance occurred during the sell off in March.

Alt-coins are now beginning to lose value at a rapid pace. A newly formed RSI resistance in the 2-day alt-coin market chart below suggests alt-coin price action shall continue to fall until Mid-October wiping off around 30%.

Trade fechado: objetivo atingido:

Alt-coin punishment now over as BTC dominance hits strong resistance.