BTC Dominance and Altcoin fuel by NFT games
-BTC dominance has been rising and almost hitting 50% for btc. Similar buildup too. Wonder if it's the new money flowing in or altcoin flowing back to btc which one has a higher weightage.
-Prior to the previous 2017 Dec top, btc dominance drop as eth and altcoin rally (money flow : money>btc>eth/altcoin)
-From Jun 2017 onwards, overall market rally with BTC dominance rising back (money flow : money>btc>altcoin hype), eth share drop and altcoin share surpass eth and keep rallying.
-Currently, looks like btc dominance is picking up, want to see altcoin dominance over take eth which can likely be fuel by the 'NEW' NFT gaming attention. I wonder how many NFT game popping up per day wanting to the next #axieinfinity.
-With Axie infinity setting the leading metric and potential, the overall NFT gaming coins are also rallying
-Retest the 40k resistance zone and structure building up which is good for bull
-Possible TD9 candles reversal on daily
-If the buildup fails to make higher highs, want to see it retest support near 34655 and bounce off for lower low