$BTC.D – Bitcoin Dominance Chart For CRYPTOCAP:BTC.D By McGorgeous

Part 2 of the analyssis i put up earlier. I’m pretty confident we will see a test of the 0.618 BTC /USD fib level ($38,500). If this holds, we could go for a major run.

But I’m also watching the BTC .D chart and can’t help but notice how earily similar it is to the top of the 2018 cycle. Big double bottom before going into a full bear market. Well, we double bottomed here as well. But if we can stay below the S/R trend line over the next few days we might start the major/final run.

Reasons I’m Bullish: The Macroeconomics are really starting to unfold that would lead ALOT of money to believe that its the best of the worst scenario. Treasuries, equities, , FIAT, other commodities all suck. Real Estate is another bubble. Alot of scared money with nowhere else to go COULD flood the crypto market.

Reasons I’m Bearish: To the above point, we would need ALOT of scared money to flow into crypto to possibly meet the expected values of the bulls. $10k+ ETH and $150K plus BTC . Not to mention ADA, SOL, DOT, etc. etc. etc. That would take TRILLIONS of dollars of inflows to sustain that kind of pump simultaneously.

I’m cautiosly bullish . I do believe alot of money is fearful and has no idea where to turn. We could have a perfect confluence of bubbles popped that turns Crypto into the temporary meccah needed to drive mainstream (albeit MT) adoption.

Crypto will admittedly enter bubble territory, but compared to Chinese and American Debt, Real Estate, Equities, etc…..its really not a bad alternative. That said i’m definately not leveraging to the hilt until I see alot more than Saylor and El Salvador say its the way.

THESE ARE MY PERSONAL NOTES FOR HISTORICAL REFERENCE. NOT A FINANCIAL ADVISOR. NOT FINANCIAL ADVICE. DYOR.