BTC.D - Alt's Bags better Take HEED !
Updated
Bitcoin Dominance seems to be struggling with it's Bulls, however, momentum is shifting on the MA although in daily time frame they still remain semi-bearish.
Take heed for Bitcoin Dominance skyblasting up since it has fallen for months now, creating space for Alt's to skyhigh on All Time Highs with ETH at 4K, ADA 2.25$, BNB 700$, LINK at 50$, DOT&UNI 40-50$ and many other which exploded even more comapred in ROI means.
If you are currently holding bags of ALTS or you are wing trading them, I'd suggest to be aware of BTC.D and checking Bitcoin's power valued against USDollar.
If Bitcoin starts to plunge on price lower than 30K while BTC.D increases, Alts will suffer BADLY like previously .
Chart Legend:
Note that dashed horizontal lines are kye support-resistance areas throughout BTC.D's candlesticks movements, while the bolded dark blue and dark purple are fibb circles taken from ATH at 99% Dominance to the lowest bottom and reversed. In the larger time-frames they act ad roadmaps for movements that occur on BTC.D( down below I'll provide some references but I hope you wouldn't mind the noise :) .
Also at LINK related Ideas you will find previous calls and works with BTC.D and it's updates, I'll be pleased if you are willing to check them out.
TRADE SAFE!
Please make sure to understand that this is not financial advice.
Everything that is published from anyone is mere speculation and no one will guess it wright on things will play out, but looking at various works can provide you to weigh where we are by your own logic and diligence
Consult your financial advisor before partaking any trading activities with your money wich may occur at loss.
Take heed for Bitcoin Dominance skyblasting up since it has fallen for months now, creating space for Alt's to skyhigh on All Time Highs with ETH at 4K, ADA 2.25$, BNB 700$, LINK at 50$, DOT&UNI 40-50$ and many other which exploded even more comapred in ROI means.
If you are currently holding bags of ALTS or you are wing trading them, I'd suggest to be aware of BTC.D and checking Bitcoin's power valued against USDollar.
If Bitcoin starts to plunge on price lower than 30K while BTC.D increases, Alts will suffer BADLY like previously .
Chart Legend:
Note that dashed horizontal lines are kye support-resistance areas throughout BTC.D's candlesticks movements, while the bolded dark blue and dark purple are fibb circles taken from ATH at 99% Dominance to the lowest bottom and reversed. In the larger time-frames they act ad roadmaps for movements that occur on BTC.D( down below I'll provide some references but I hope you wouldn't mind the noise :) .
Also at LINK related Ideas you will find previous calls and works with BTC.D and it's updates, I'll be pleased if you are willing to check them out.
TRADE SAFE!
Please make sure to understand that this is not financial advice.
Everything that is published from anyone is mere speculation and no one will guess it wright on things will play out, but looking at various works can provide you to weigh where we are by your own logic and diligence
Consult your financial advisor before partaking any trading activities with your money wich may occur at loss.
Note
s3.tradingview.com/snapshots/k/K1qYw2cQ.png Fibb' Circles and it's confluation as support-resistance areas after run-ups and consolidation phases
Note
UPDATE
Note
UPDATE
Note
Look for a Rejection or Break out at the 20MA(yellow] and 50MA (light blue/aquamarine]
Still a momentum shift on the Moving Averages is needed for upside continuation after the Bounce coming from perfect Support on the Key Level area.
The orange trend line broke to the downside, showing weakness for BTC.D on 4hrs time frame after failing 20MA as support.
Note
NEW Support-Resistance AREA to be HELD or DOWN WE GO on BTC.D
Looking for short-term confirmation in order to proeprly SWING TRADE ALTS.
I'm not getting on any ALT'S trade just yet
TRADE SAFE
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