Although #BITCOIN Dominance was showing signs of correction, market makers used Trump Inauguration as a chance to trap FOMO buyers and started a bullish movement on it. This sucked money from many #altcoins to #BTC to keep its price from heavy crashing. ☄️
From the looks of it, market makers are not done and may want to pump this index even higher, sucking up more money from the rest of the #cryptomarket. 🔄
What are our other reasons beside the TA for this idea?
It is possible that market makers want to create the delusion that this index will soon be rejected and great profits will come with a big rejection. ⚡️
However, this chart still shows that #BITCOIN Dominance has the potential to go to higher levels before we see a great rejection that CAN bring good money to #altcoins. So be very careful at these levels.
From the looks of it, market makers are not done and may want to pump this index even higher, sucking up more money from the rest of the #cryptomarket. 🔄
What are our other reasons beside the TA for this idea?
It is possible that market makers want to create the delusion that this index will soon be rejected and great profits will come with a big rejection. ⚡️
However, this chart still shows that #BITCOIN Dominance has the potential to go to higher levels before we see a great rejection that CAN bring good money to #altcoins. So be very careful at these levels.
Trade active
#BTC.D 4H CHART ANALYSIS & ROADMAP UPDATE 🧾➖➖➖➖➖➖➖➖➖
Then analysis has been correct so far and as you CAN see had a touch of the first highlighted resistance line for #BITCOIN Dominance. 📌
Now as #BTC is sucking most of the liquidity in the market to keep strong, we need to keep an eye on the highlighted red resistance area to see whether we will get a rejection or not? 🧐
The quality of this rejection will hint us whether market how market makers want to play with the rest of the market so stay with us for the next important update. 📣
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.
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.