Dangerous moment on dominance 💸 BTC.D...
It's approaching testing the broken resistance. All attention on the range of 55%-54.5%:
1️⃣ If we see a bounce back up from it, things ‘ll be very bad with alts, especially when Bitcoin falls. We’ll need to pick them up much lower than they are now.
2️⃣ If dominance falls below support (below 54%), alts ‘ll have a breather and show their true colors.
The most ideal scenario I’d like to see 👉🏻 Bitcoin dropping in the range of $59,000-$55,000 for a final stop run, while also needing a decrease in dominance below 54% and lower. So then, it's worth buying alts and waiting for a good impulsive rise 🚀
I think we’ll see the resolution of this whole story at the end of April - beginning of May...
