BTC DOMINANCE 4 HOURS UPDATE
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Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
Bitcoin dominance is breaking down from the ascending triangle in the 4 hours frame and looks bearish . Also, it breaks below the 21D ma which is also a good sign for Altcoins.
The Green dotted line shown in the charts indicates the support level . I'm expecting the Bitcoin dominance to reach the 40 levels again and we might see a good Altcoin season in the 2nd quarter of 2022.
IMO it's best to accumulate some good Altcoins, especially in BTC pair on spot. Soon I'll share some good Altcoins in BTC pair.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
Bitcoin dominance is breaking down from the ascending triangle in the 4 hours frame and looks bearish . Also, it breaks below the 21D ma which is also a good sign for Altcoins.
The Green dotted line shown in the charts indicates the support level . I'm expecting the Bitcoin dominance to reach the 40 levels again and we might see a good Altcoin season in the 2nd quarter of 2022.
IMO it's best to accumulate some good Altcoins, especially in BTC pair on spot. Soon I'll share some good Altcoins in BTC pair.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Nota
As expected, BTC DOMINANCE breaks and retest the ascending channel with confirmation but currently, it is lying on the support of 42.70% level or it has 50 ma support on daily.It needs to break this level to drop.
Let's se how the daily candle closes.
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