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Bitcoindollar

Bitcoin's Dominance Will Rise. What Does it Mean?Bitcoin’s Dominance is currently located at all time lows. The lowest BTC dominance was at 35% when Altcoins were popping back in early 2018. After the dominance started to increase, the whole market was taking hits especially altcoins. Now the daily chart of Bitcoin’s dominance is suggesting that the dominance is again about to rise and this can mean few things. - Bitcoin will fall in value, but altcoins will fall in value faster (We’ve seen this numerous times, when the market dumps hard, Bitcoin will fell almost always the least.) - Bitcoin will rise in value, but altcoins won’t be able to catch up (Bitcoin breakout from $20000 to $40000) - Bitcoin will be moving sideways meanwhile altcoins will slowly lose their value (2017 rally to $20000 scenario) Whichever of these scenarios will play out, the best strategy would be to either buy Bitcoin or buy a stable coin. RSI is about to break above 60, MACD very likely to push another strong buying wave and the dominance continues to trade at 50 EMA, failing to find resistance.
CRYPTOCAP:BTC.D
by TiborVrbovsky
2
Don't long Bitcoin into resistanceJust couple of days back we were looking to long Bitcoin at around $35.5K to $36K range, it has clearly broken the support and fell below to $33.5K and quickly got bought up, but now it's rejected by the support turned resistance at the moment, so I wouldn't suggest to long here. Only good thing is, there is RSI and OBV bull diversion on 4hr chart (Not on CCI), I would suggest we wait for one more day to see if it breaks above resistance range, or hover around $34.5K to $35.5K range means not sellers are stepping in. Happy trading!
by Trading_Cipher
BITCOIN: Small relief before the DUMP or bounce off support?BTCUSDT is now at support, we are also still in a downtrend and volume has also steadily fallen. We are probably going to range for a few more hours before any other serious move. It could potentially be another build up against support before we push down to the lower part of the range. But could also be a consolidation... Right now, we just need to be cautious in either direction. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
by CryptoEstratega
BITCOIN: Bounce off support?BTCUSDT has had quite a bearish move down in the past 4 days. Right now we are at a mid range support (35K) and holding up in the ichimoku cloud. Volume is quite low, if buying pressure could enter at this point a possible PUMP could not be discarded. This could also be a false breakdown of the build up against resistance, if we get back against resistance again, we could surely breakout. Right now I would be cautious, but this could be a pretty good level to buy.
by CryptoEstratega
BITCOIN: Can we start a new uptrend?BTCUSDT is rather bearish now: The last 4 days in the red (4 is also a very bad luck number in asian cultures, as it sounds similar to DEATH Below the 180 EMA After a very strong downtrend Below the Ichimoku Cloud With several strong resistances above 40K, 45K, 50K Considering all this, the general outlook is rather bearish. But, currently we seem to be about to start an uptrend as shown by the trends indicator in the green (Hull suite indicator). Volume is also rather low, if we can get some buying pressure, we could start a buildup against the 40K resistance that could potentially get us back into the cloud.
by CryptoEstratega
BITCOIN: Breaking down?We have broken below the 180 EMA with quite some strength in the move. Right now we are below the cloud and looking to continue heading down until we find some support. Possible areas of support: 37.500 36.000 34.700 We need to wait and see how price reacts around those areas, right now we seem to be holding 37.500 but we might continue the downtrend. I'm opening a short at 37.610 with a STOP LOSS at 38.100 with a trailing stop of 5% ALWAYS PRACTICE RISK MANAGEMENT
Short
by CryptoEstratega
We buy your pains. 41,174$ is valid.we were so scared that we started collecting it early. It does not touch us 20 thousand even if it comes to 10 thousand, even if it comes to 3 thousand, 1 thousand dollars does not touch it. just don't close. Not investment advice, you could lose all your money. Don't forget to set the stop-loss and Tp points. The more we get scared, the more we want to buy. Unfortunately. It has the opposite effect on us. Set your tp and stop points. it is not investment advice. You can lose all your money in crypto or you can wait 10-20-30 years. Calculate your risk.! Share your risk.! 51471 42667 40281 38375 35830 31105 28824 25633 21690 19658
Long
by TraderEtc
8