BTC dominance (Y20.P4.E3).Double bottom.Bullish div
Updated
Hi,
For the short term, get ready for another bounce of BTC dom. and hence flipping from ALTs to BTC.
NOTE:
I'm thinking of doing a video post on this showing historical data to support this strategy, its very useful.
As for the chart, we see the regular bullish potential to play out again based on the double bottom and having the RSI giving divergence as per past action.
Hence looking for these 2 indicators to cross over (whereas the MACD is delayed some more).
As a reminder, BTC dominance usually goes up in 2 scenarios, a significant drop in price or a spike in price.
Seeing a potential BTC dominance bounce I'm more inclined here to be biased towards BTC price going up to 10700 to 10800 resistance range.
Cheers,
S.SAri.
Bigger picture, wedge formation
PREVIOUS POST/S
For the short term, get ready for another bounce of BTC dom. and hence flipping from ALTs to BTC.
NOTE:
I'm thinking of doing a video post on this showing historical data to support this strategy, its very useful.
As for the chart, we see the regular bullish potential to play out again based on the double bottom and having the RSI giving divergence as per past action.
Hence looking for these 2 indicators to cross over (whereas the MACD is delayed some more).
As a reminder, BTC dominance usually goes up in 2 scenarios, a significant drop in price or a spike in price.
Seeing a potential BTC dominance bounce I'm more inclined here to be biased towards BTC price going up to 10700 to 10800 resistance range.
Cheers,
S.SAri.
Bigger picture, wedge formation
PREVIOUS POST/S
Trade active
On the 4 HRLY, we have the WT as well as the others, ALTS will start dropping while BTC either goes up or holds this level.Note
As per my initial commentary.Note
Question is here, is this a temporary resistance and BTC can go up some more.I have upward pressure still going
Trade active
still going strong, no cross over on the 4 hrly
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
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.
Related publications
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.