BTC (Y20.P3.E24).Looks like a bull flag
Updated
Hi All,
On the LEFT I have the weekly and the 2 on the right are 1 hrly and 4 hrly.
- Weekly shows upward pressure on the indicators;
- 1 hourly shows you the formation\structure;
- 4 hourly shows you the trend along the 20 and 50 ema.
Is it time to flip to Alts, I don't think its worth the risk at this point, based on BTC dom. chart below.
What is your thoughts?
Cheers,
S.SAri
BTC domin. > 3 Day chart, dominance is holding this level with weekly still bullish.
On the LEFT I have the weekly and the 2 on the right are 1 hrly and 4 hrly.
- Weekly shows upward pressure on the indicators;
- 1 hourly shows you the formation\structure;
- 4 hourly shows you the trend along the 20 and 50 ema.
Is it time to flip to Alts, I don't think its worth the risk at this point, based on BTC dom. chart below.
What is your thoughts?
Cheers,
S.SAri
BTC domin. > 3 Day chart, dominance is holding this level with weekly still bullish.
Note
potentially Note
16400 to 16550 next targetNote
Again, another reject above 16k as it holds this level. If it goes below this CPR support, we go down to 15350 support level. I still believe we are going up to the high 16ks.Note
doing some TA with the indicators. WR (weekly resistance) was the cause for this current rejection.On the weekly, we still have upward momentum and as long as these indicators don't drop a critical level, I would expect price to be steady.
Note the RSI on the daily levels as the main criteria. Similarly the 8 hrly on the WT will give me an idea what to look for if the signals cross over. Its not easy but it might work.
Note
my thoughts 3 scenarios. Note
The bullish perspective, trend continuation.Note
B.chart
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