Some time ago I made an analysis on BTC.D (Bitcoin Dominance) where I argued that the BTC.D was reversing from the bottom support area, which has historically ALWAYS caused sell-offs in the crypto markets.
As seen on the bottom chart, BTC.D is currently trading in a bullish triangle pattern, which is on the verge of breaking out on the bullish side. My expectation is that we're going to move back all the way towards the top resistance on the top chart, around 48%.
It's likely that BTC will see further bearish pressure arise during this period, since investors classically move their assets to crypto once bearish market conditions hit. However, we could also see another BTC-only rally like in 2019. Patience!
As seen on the bottom chart, BTC.D is currently trading in a bullish triangle pattern, which is on the verge of breaking out on the bullish side. My expectation is that we're going to move back all the way towards the top resistance on the top chart, around 48%.
It's likely that BTC will see further bearish pressure arise during this period, since investors classically move their assets to crypto once bearish market conditions hit. However, we could also see another BTC-only rally like in 2019. Patience!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.