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Averonex
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finally brokeout (4H candle )
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Averonex
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Lesson number 69- it's not always the BTC dominance that decides the Altcoin market. people believe that BTC dominance will soon dumb and they will see huge Altcoin movement because people will sell their btc and put it into Altcoins. if you look at today's BTc dominance chart, it has barely moved but still Altcoins pumped.
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#btc good news - Btc dominance is falling bad news - btc is falling too.... conclusion - no Altcoins pumps
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#btc Btc is going for 59700 to 60000.... There is a High chance that it will bounce back from its position.
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The scary thing about this is that, the Btc is still in its high zone but Altcoins are already making their all time low. imagine what would happen if btc fell to 40k range ...
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#btc currently it broke its trendline after getting rejection from a major High. it retested the yellow resistance and bounced back from that position . in my opinion weekly it looks bullish. Monthly it looks bearish. It will continue to go till it's lowest resistance (marked in the chart).... it is the best buying place. what's most surprising is the fall of Altcoins. The only reason is that the investors doesn't believe in those projects for a long time. That's why they took the profit and exits the market .
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