If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out.
DXY is going up but so BTC.D as you can see here:
I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way
it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low.
Take the occasion to buy the alts you think are interesting and with good potential.
Good luck.
DXY is going up but so BTC.D as you can see here:
I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way
it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low.
Take the occasion to buy the alts you think are interesting and with good potential.
Good luck.
Note
Eventually BTC did went in the 58 tecnically, it touched 58.9K I think, not really the 58K but close.I think this might still go lower though, check the weekly chart
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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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.