BTC Dominance (Prj.Y12.P2.E2).A correction complete?
Updated
A few indicators suggest we are now about to have BTC back in play.
Either the ALTs are going to drop because they have made good ground or BTC is about to break up from the 9470 Resistance.
This is a tuff one.
Observation:
We have the 200 EMA on the 4 Hrly
Key Fib Level
Previous support level.
However the Daily shows more favourable to the next fib level down.
I'm going with BTC gaining momentum to break the 9470 resistance where there is many watching and will come in once it breaks this line?
What other reason would BTC go up? A big drop to 8500 range? I don't know as the daily suggests more down to the 0.618 retracement.
Either the ALTs are going to drop because they have made good ground or BTC is about to break up from the 9470 Resistance.
This is a tuff one.
Observation:
We have the 200 EMA on the 4 Hrly
Key Fib Level
Previous support level.
However the Daily shows more favourable to the next fib level down.
I'm going with BTC gaining momentum to break the 9470 resistance where there is many watching and will come in once it breaks this line?
What other reason would BTC go up? A big drop to 8500 range? I don't know as the daily suggests more down to the 0.618 retracement.
Comment
Having thought about it a bit more, I'm going with the DAILY chart. Boucing off the 20 EMA
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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