we have Fibonacci channel midline resistance (44.50%) and 0.236 support area of channel. I think we can reach the midline. the we should wait and see if it can break that or not for feature trades. be aware: this is not a financial advice.
It looks like Dominance has broken all the hearts that believed in a huge alts rally! Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.! Entry : 1326 Target : 1473 (0.5 of Fibo) Stop : 1243 (Current day candle low) Total no. of Analysis :...
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can...
Based on my analysis, i think that it is better to be super attentive on Altcoins. 1- Dominance is in a very sensitive zone, 39.8% is a strong support 2- If it bounces above this support, the Alts will bleed 3- If it bounces below it, the Alts will continue to rise. BUT, The dominance had been decreasing for more than 40 days , and most of the Alts went crazy....
BTC.D (Bitcoin Dominances) Hit its Strong Support Zone and May its Grow up to 50 and the Altcoins Will Drop to the support zones