Bitcoin is breaking through the short-term overhead resistance, as it found footing on the .786 fib channel. What in fact happened, is “Total” landed perfectly on the .786. BTC.D is consolidating under 64%, and guess where it’s looking? It’s looking at 95. There is a “gap” in the bitcoin dominance to 95%. A gap is a technical term used in technical analysis. You should learn about it, and what impact it can have on the price action. I’ve already done that decades ago
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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.