Bitcoin dominance reached its highs since December 2018. In the zone of 60%.
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
Nota
FIRST SUPPORT LINE IS BROKEN
This idea is posted during the TradingView x WhiteBIT joint activity, where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=excavo
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
This idea is posted during the TradingView x WhiteBIT joint activity, where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=excavo
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.