Bitcoin Dominance Break down - ETH TO THE MOON
1. Bitcoin Dominance has completely retraced the increase resulting from the impulsive move driven by Tesla Announcement earlier this week. Has now also lost trend line support on lower time frames.
2. While other majors like DOT and ADA have started making their move against BTC, ETH has yet to do so. With a weak BTC.D, its inevitable ETH also follows the lead.
3. Target approximately 40% on Bitcoin Dominance or 0.85 ETHBTC.
4. Early signs of invalidation would be a reclaim of trend line and of course any more announcements from SP500 companies.
2. While other majors like DOT and ADA have started making their move against BTC, ETH has yet to do so. With a weak BTC.D, its inevitable ETH also follows the lead.
3. Target approximately 40% on Bitcoin Dominance or 0.85 ETHBTC.
4. Early signs of invalidation would be a reclaim of trend line and of course any more announcements from SP500 companies.
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