The Low Is In? Bitcoin Dominance Says BTC Goes Up!

16 Mac 2020

The BTC Dominance (BTC.D) chart is showing multiple bullish signals... Is Bitcoin about to go up?

• First we notice the ascending triangle, which is a bullish pattern.
  
• Prices are now trading above EMA10 while challenging EMA50 and EMA300.
  
• We have a reversal candle on the 13 March.
  
• Both the MACD and RSI are bullish and strong.
  

All these signals are pointing up.

Conditions for change
If prices move and close below 64.17, the above signals become invalid. The red arrows enters play.

NOTE: BTC.D moving higher not necessarily means that Bitcoin (BTCUSD) will go higher.

Do you believe that Bitcoin will move lower or will it start to reverse and go up?
Share in the comments section below...

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Previous analysis (Bitcoin Bouncing Now?):

Bitcoin Drops To 3K Before 32K? New EMAs + Daily RSI Analyzed

Bitcoin Weekly Update (MA200 Breaks / Bearish, Low 3ks Next?)

Thanks a lot for your continued support.

Namaste.