Crypto Trades
BTC dominance dropped back to trendline and below year close. You may see at volume profile this is the zone where strongest support starts. Therefore chances for bounce here are at maximum. But if 1040 support will be skipped Dominance can drop down to 1020…
BTC dominance bounced as expected ✅ Now at resistance so good chances for pullback to 1070 / 1050. Still keep in mind dominance is reversing towards uptrend and therefore majority of alts are on a weak side. Trade on spot only strong ones.
@CryptoTrades #BTCDOM
@CryptoTrades #BTCDOM
Crypto Trades
BTC dominance bounced as expected ✅ Now at resistance so good chances for pullback to 1070 / 1050. Still keep in mind dominance is reversing towards uptrend and therefore majority of alts are on a weak side. Trade on spot only strong ones. @CryptoTrades #BTCDOM
BTC dominance day chart look freaky. Pretty huge pump in 7 days and then 3 days of uncertainty. As I already wrote - BTC dominance chart doesn't really act according to usual TA rules we successfully use for other charts. So its hard to forecast it and be sure in success rate.
Still on 4H chart it seems dominance is losing initial bullish momentum and so possible correction coming. That means alts can push up. Will it be only vs BTC or vs USDT as well depends on BTC stability.
@CryptoTrades #BTCDOM
Still on 4H chart it seems dominance is losing initial bullish momentum and so possible correction coming. That means alts can push up. Will it be only vs BTC or vs USDT as well depends on BTC stability.
@CryptoTrades #BTCDOM