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~BITCOIN DOMINANCE ANALYSIS~
~BITCOIN DOMINANCE ANALYSIS~
- We have a sell signal on Market Cap BTC Dominance chart on Megalodon indicator with an ABCD bearish pattern. The target for the ABCD is also corresponding with our shorter term 61.8% levels. Coincidence? I don't think so!
~ETHEREUM ANALYSIS~
- We do need to confirm the bull on ETH by closing above $203.91. If we do, first target is around $245.43
- Shorter Term traders should watch for this Trend Line and wait for the next buying setups.
- Our Potential Reversal Zone for the bulls are sitting between $185.79 and $183.25
- We are getting closer to our Potential Reversal Zone between $69.84 and $49.10
- Trend Caller is showing strong buy signals and timer has turned neutral for the Longer Term. We should also not break this trendline!
- We are waiting for the next strong buying opportunity for entering our day trade.
~Bo
Megalodon Trading
Enlightening the modern investorsOur most powerful tool call the bottom on Bitcoin here.
- We do need to confirm the bull on ETH by closing above $203.91. If we do, first target is around $245.43
Note
You must watch this video if you invest in altcoins as we broke this trendline for Bitcoin.
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Telegram Here t.me/bugrasukas
Related publications
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.