According to Fibonacci retracement levels, you’ve been getting scammed by the so called crypto experts about the dominance weakling for 2 years. This chart shows that the dominance broke below 0.618 level where people started calling for alt season, but when 0.618 turned into support non of the scammers on trading view warned you that alts will get crushed. Afterwards, dominance surged to above the 0.786 level. Soon after breaking above the 0.786 level domiance momentarily broke below this level where the crypto scammers told you that the alts season is coming. Surprisingly, the chart printed a weekly close above the 0.786 level and this level became the new support level for dominance. It has been a good support level so far and the next resistance level stands at 70-73 %. The fact is that your crypto gurus are as clueless as you and I, so analysis your own charts and don’t listen to these fake crypto experts.
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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.