Chart 1: BTC has broken the daily 91K support, created a new yearly low and closed as a bearish engulfing.
The volume on the OBV is confirming the move, down with a lot of selling pressure and the RSI has now reset to 29 which it hasn’t been at this level since August last year.
BTC has now changed market structure and we are now in a downtrend but the only bullish scenario was this was just a retracement for the next leg up.
Chart 2: USDT Dominance has continued to break to the upside but we did close with a massive wick to the upside showing a lot of selling pressure.
The volume on the OBV did support the move up but now is showing a lot of selling pressure again and the RSI is in over bought finally and the last time it was at this level was June last year.
Chart 3: OTHERS.D has closed as a decent bullish engulfing and we are currently still going up.
The OBV is showing a lot of strength with bullish divergence and the RSI is also showing bullish divergence and looking really strong at this support.
But remember for us to be bullish on Alts we must break the 9.18% resistance break through the downtrend line, create an HL and then HH backed by volume until then don’t touch Alts unless you’re happy taking the risk before confirmation.
Chart 4: BTC.D which is BTC dominant has now fallen back down, closed as a huge bearish engulfing and formed that double top I spoke of.
The OBV is showing massive selling pressure and the RSI is looking very bearish as well with a lot of bearish divergence.
Like I have said multiple times I wouldn’t recommend buying any alts until BTC.D breaks the uptrend line & creates bearish MS and OTHERS.D breaks its downtrend line but it does look like this could happen very soon.
So far we have gotten a decent bounce off the 87k support which was the 0.382 fibs retracement that I shared but we now must get above 91k and close or we are going down further.
What is really interesting is BTC has a massive bearish engulfing but OTHERS.D had the opposite and is looking strong right now.#BinanceAlphaAlert #TraderProfile #BinanceLaunchpoolRED $BTC 
