Welcome back dearest reader,
I’ve been covering some altcoins i’m bullish on, and a deeper dive into bitcoin dominance is key for their succes. Well the downfall of the dominance that is.
On the chart:
~The fibonacci extension has shown gradual weakness throughout the cycles starting at the 1.618 then the 1, now the 0.786 is inbound. I expect it to be hit soon topping at around 66% dominance. We can see what happened next ”1”
~MFI is hitting an oversold zone like never seen before on the 3 month ”2”
~Stoch RSI is hitting an oversold zone and is bound to see a cross ”3”
Load up on your favourite alts and enjoy the ride.
~Rustle