BTC Dominance decrease is expected
Updated
Since Apr 2019 to Nov 2019 Dominance was increasing inside a parallel channel. since end of 2019 and start of 2020 the dominance is partially decreasing by making lower highs.
Since 13 Feb 2020 the ratio is increasing in a new parallel channel. according to MFI decrease under 50 and touching the upper decreasing trend line near the top of the channel, it is expected to see the bottom of the channel in short term around 65.5.
Since 13 Feb 2020 the ratio is increasing in a new parallel channel. according to MFI decrease under 50 and touching the upper decreasing trend line near the top of the channel, it is expected to see the bottom of the channel in short term around 65.5.
Trade closed: target reached
Like if the analysis and the signal was profitable.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.