nice observation the other day
I'm still remaining cautious...….
Thanks you are too kind, appreciated the positive words before too. *nod*
Here I decided to got my face out of BTC relative charts and look at the true dollar value.
Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level.
RSI looks to be rising to the good zone. There is volume and green candles.
The resistance has been combining over time.
Its a lot to break through now but it feels really positive to me.
Your welcome. It's strange looking at ALT/USD charts, I rarely do, but clearly I need to pay a little more attention. My general theory is that soon enough altcoin dominance will rise, but that against USD they will go sideways, even correct a little. This is based on the BTC top coming in soon enough, followed by diversification when Bitcoin pulls back. The general theory that altcoins will pull-back less than Bitcoin, thus gaining dominance, as opposed to actually gaining USD value. Hope that vaguely makes sense...
The other way around is Bitcoin consolidating as opposed to dumping, with Altcoins them pumping in both BTC and USD value, but somehow I find this less likely now Bitcoin is at a near 2x in the past 6 weeks ish. But then again, we did see $5K to $10K with "not much" or a pull-back either (like 20%, very briefly), so I guess I should remain more open minded. To me the altcoin dominance bounce signals Bitcoin due to pull-back basically, as opposed to altcoins about to moon moon moon against the dirty dollar.
