BTC.D

Updated
As long as the dominance fluctuates in the bullish channel we are in an uptrend on dominance.it could cause some retracement in BTC price tho.
Note
we had a pulse in dominance which cause a correction in BTC price.

BTC is recovering so there is the possibility for Dominance to make another downtrend pattern in small time frames
Note
as BTC is recovering the dominance correcting
Note
something we have to consider :

as I see we have 2 channels involve in the BTC.D these days.
1- bullish purple
2- static yellow

as I see we have 2 good support and 2 good resistance for Dominance to react on them if It reaches each of them.

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Note
another important thing is we are in a triangle, which means breaking out from each side COULD cause a sharp movement to the target area

in which scenario the BTC price will heavily affect.

and that will be the real BULL/BEAR market for a couple of months.
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Note
the struggle between EMA 50 and 200 continues

let's see which one will win this fight

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going up from this stage is kinda messy. need a little rest to continue,

however its kinda tricky not to say we didn't saw the expanding triangle


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it could be a simple pullback, not sure .

if breaks the white line will fall to the red one

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Note
reacted to the white line but still continue

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Trade closed: target reached
the first target fulfilled

The second will be soon.

we will have a restacement then

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Note
dominance update will continue in another idea
Trend Analysis

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