Been long for about two days just watching the dominance melt away. Even though the pattern is bearish, along with many other alts, I went long specifically because the dominance chart looked so bad after yesterdays candle close below channel support. That and it is almosat the end of this weeks candle. We did see the candle rule play out this week which is, if the candle opens strong then it will end weak and vice versa. Now we just have to wait and see if its going to be an all out panic dump of the dominance chart the way we saw in late 2017. If thats the case then this might be the cycle that many hodlers have been waiting for. I do however expect the next cycle to be a little different due to the maturity stages this market has been, and will continue to go through. At any rate. Stay safe out there.
Mr. Manbearpig
Mr. Manbearpig