Bitcoin Dominance Strong Today

Bitcoin Dominance Strong Today

Bitcoin is having a strong day, but we are right at a very strong resistance. I don’t think we’ll make much progress above $34k. We are likely to have to consolidate for a few more weeks before we will see any strong trends change back to bullish. Ethereum had a monster move over the weekend which hit the target set on Saturday. Alts are hitting a resistance line that started back in 2017, but we are likely to consolidate between both of those. With alts cooling off, we should have a chance to get a new grip and start up again tomorrow. We have a ton of coins that are about to get going. One that I’ve been watching for months is Ethereum Classic. We are finally right on the verge of breaking out of the red zone. I’m hoping to see that go in the next few days. We’ve rejected from the 50 day sma for 6 months after 19 attempts. We HAVE to be close. When it goes it will be explosive!

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