BTC (Y20.P3.E25).Micro Level.BTC dominance
Updated
Hi All,
Using the CPR tool, sometimes give you another perspective.
We have the yellow area for strong support and the RED for monthly resistance while GREEN is monthly support
> Note: BTC dominance is on the rise and the question is how much?
The ALTS seems to have hit a major resistance level, meanwhile BTC is ralling up to another resistance level while the ALTs even dropped, which is an observation but doesn't make sense.
Another piece of the puzzle, GOLD has made a key break and rallied strong today which could also contribute to BTC bullishness.
**** A thought, if GOLD is doing strong and continues to go strong , which is likley, then why not BTC ****
Below is a BTC Dominance chart with a bullish divergence playing out: Both indicators show its the case
Chart below is ETH.BTC pairing. If ETH is to drop so much, this could either mean BTC is going to make a strong rally or ETH is about to dump.
Cheers,
S.Sari
Using the CPR tool, sometimes give you another perspective.
We have the yellow area for strong support and the RED for monthly resistance while GREEN is monthly support
> Note: BTC dominance is on the rise and the question is how much?
The ALTS seems to have hit a major resistance level, meanwhile BTC is ralling up to another resistance level while the ALTs even dropped, which is an observation but doesn't make sense.
Another piece of the puzzle, GOLD has made a key break and rallied strong today which could also contribute to BTC bullishness.
**** A thought, if GOLD is doing strong and continues to go strong , which is likley, then why not BTC ****
Below is a BTC Dominance chart with a bullish divergence playing out: Both indicators show its the case
Chart below is ETH.BTC pairing. If ETH is to drop so much, this could either mean BTC is going to make a strong rally or ETH is about to dump.
Cheers,
S.Sari
Note
Ref>D.Charts
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