Bitcoin - BTC Dominance and Fib circles today
Is #Bitcoin seeing the effects of that 618 Fib circle already ?
It is possible that it is reacting early so it can break through on support, which means we may eventually see 59K USDT with either a Wick down or Full candle... I have a Spot Buy order placed in case.
See how the last 2 Fib Circles took PA down to that level.
The BTC.D chart shows us PA Still falling, though levelling out currently...
https://www.tradingview.com/x/wp49FspX/
But when Both BTC and BTC.D Fall, so do most ALTS and that is what we see this morning.
Will it continue ?
Daily BTC.D is still falling Bearish - RSI nearing Neutral
Daily BTC MACD is approaching Oversold and was rising but seems to be just been rejected off the Signal line so we may well see a further Drop
Daily RSI on BTC is still above Neutral and falling, about to cross below its own MA
The DMI, that gives us Trend Strengths, shows a lack of real direction longer Term right now. ADX shows us Trend is weak and both the DI Bull / Bear indicators are below the line of strength
Over asll...PS is resetting, just cooling off, No reason to panic
Just wait..............................
It is possible that it is reacting early so it can break through on support, which means we may eventually see 59K USDT with either a Wick down or Full candle... I have a Spot Buy order placed in case.
See how the last 2 Fib Circles took PA down to that level.
The BTC.D chart shows us PA Still falling, though levelling out currently...
https://www.tradingview.com/x/wp49FspX/
But when Both BTC and BTC.D Fall, so do most ALTS and that is what we see this morning.
Will it continue ?
Daily BTC.D is still falling Bearish - RSI nearing Neutral
Daily BTC MACD is approaching Oversold and was rising but seems to be just been rejected off the Signal line so we may well see a further Drop
Daily RSI on BTC is still above Neutral and falling, about to cross below its own MA
The DMI, that gives us Trend Strengths, shows a lack of real direction longer Term right now. ADX shows us Trend is weak and both the DI Bull / Bear indicators are below the line of strength
Over asll...PS is resetting, just cooling off, No reason to panic
Just wait..............................
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