Bitcoin Dominance (BTC.D) | GREEN vs RED
Updated
Here is the Bitcoin Dominance (BTC.D) chart, it has been going on a massive run.
Now, resistance is being faced at the 1.618 Fib. extension level.
We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.
GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).
RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).
There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.
This is not set in stone though as this chart remains 100% bullish.
Trade at your own risk.
Thanks a lot for reading.
Namaste.
Now, resistance is being faced at the 1.618 Fib. extension level.
We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.
GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).
RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).
There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.
This is not set in stone though as this chart remains 100% bullish.
Trade at your own risk.
Thanks a lot for reading.
Namaste.
Note
Closing below EMA10 4H timeframe.Bearish divergence with the MACD and RSI.
Note
It is going red my friends... It is time for the altcoins to shine.
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