Not a financial advisor.
In the last days, we saw a rejection at Resistance and a Gap Fill.
BTC.D can go a bit sideways in the next days as there is some horizontal support (Blue support),
nevertheless, I am expecting (IMO) a drop into Support lines 3 and/or 4.
This represents a further drop between 10-15% on the Dominance.
A move above BTC.D resistance would invalidate this idea! (do your own risk analysis :))
In the last days, we saw a rejection at Resistance and a Gap Fill.
BTC.D can go a bit sideways in the next days as there is some horizontal support (Blue support),
nevertheless, I am expecting (IMO) a drop into Support lines 3 and/or 4.
This represents a further drop between 10-15% on the Dominance.
A move above BTC.D resistance would invalidate this idea! (do your own risk analysis :))
Note
BTC seems to be claiming dominance over the Alts.I am still looking for a drop on the BTC.D.
But at the moment RSI and Stoch RSI are confirming one last pump.
Note
Yesterday's candle was impressive:Note
Alt Time......Zooming in:Note
well ... it seems that I was 100% wrong.BTC.D breaking out.
Note
Waiting for daily close confirmation.Note
Amazing!!Note
At support....Note
But RSI has broken...therefore I am expecting a further drop.
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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.