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Bitcoin Dominance Move Above EMA50 Weekly (Strong Signal)
Market Cap BTC Dominance, %
Long
Bitcoin Dominance Move Above EMA50 Weekly (Strong Signal)
By AlanSantana
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May 29, 2022
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May 29, 2022
The Bitcoin Dominance Index (BTC.D) has gone bullish on the weekly timeframe.
We can see it growing above EMA50, which is a very strong signal.
We can also appreciate an RSI above 60 which is also really strong as this is the weekly timeframe.
Looking at the big trading channel above, it looks like Bitcoin Dominance is preparing from a strong price JUMP!
Namaste.
Beyond Technical Analysis
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AlanSantana
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