BTC.D
BTC Dominance really spiked after the consolidation took place, and now BTC Dominance is climbing again significantly along with BTC which is currently rallying.
Technical Analysis can be useful, but you must also understand the mechanisms of how the market works.
By the way, with BTC Dominance spiking like this, it will certainly make it difficult for Alt-Coins to perform.
My suggestion, take care of the risk in trading.
Don't overtrade because conditions like this can easily cause Alts to experience a liquidity sweep.
In simple terms, money flow is moving to BTC.
Either fresh money, or simply lots of people taking profit on Alts to accumulate into BTC, that's why BTC Dominance has increased significantly.
What if it's like this?
Usually Alts go up quite hard, and when they go down they tend to fall.
It's not 100% certain that it will be like that, but we can just see this from his habits.
Therefore, the best step is to reduce risk in trading.
Maintain positions too but try not to do too many at once.
