Hello, Skyrexians!
Bitcoin dominance probably topped yesterday and now started moving to 62% (hope so). At the same time I noticed that made a mistake in my recent OTHERS.D analysis and now I looked at this chart again and got that we can see that bull trap soon.
Let's take a look at the daily chart. On the first look it's very easy decision: just buy now or hold because we have 5 waves and bullish divergence and green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio]. But my intuition makes me scared because it can be just the wave 3 and bounce ahead will coincides with the drop to 62% on $BTC BTC dominance. I think now that wave 4 will reach approximately 9 or even 9.3%, these targets are very likely, but after that we need to make a difficult decision. Probably I will take profit on those part of altcoins which were bought after Feb 3 dump to have a free money on the shakeout. Dump below 6% will coincides with growth on BTC.D to 67%.
Best regards,
Ivan Skyrexio
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