If Jerome Powell lowers interest rates today, we will likely see this trend. Based on MAKER buy/sell signals and the High/Low of the EMA 200 indicator.
Because of this lower low, we are no longer in a correction of the previous downtrend and a new move has formed, which could be either bullish or bearish.
From the weekly watch list, you have specified the entry trigger for spot and also specified TP and stop loss. This is if Bitcoin is bullish and is only for spot trading.
According to Fibonacci, dominance has resistance between 0.5 and 0.66 Fibo and will fall even lower.
Everything is clear on the chart. Strategy Name: Footak Based on Fibonacci points, bos, trend line, bit price and bit dominance
Bitcoin is currently in an ascending triangle pattern, which is a bullish continuation pattern in technical analysis. This suggests that buyers are gaining strength and there is a high probability of an upward breakout. The fact that we're already seeing an upward movement supports the idea that a new uptrend may be starting. In short: Bitcoin is forming an...
Bitcoin dominance is currently in a strong downward battle, facing increasing pressure from altcoins which are gaining momentum. Despite some resistance trying to push dominance higher, the overall trend suggests a weakening grip of Bitcoin over the crypto market. This decline indicates growing investor interest in alternative cryptocurrencies, especially as...