alanmasters

BTC Dominance Facing Resistance Soon! (Where To Next?)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
BTC .D has been moving higher and higher with only a few weeks stop in between each new peak... But it seems that it is running out of steam.

Bearish signals coming from the chart

  • We have low and decreasing volume .
  • Bearish divergence showing up on the MACD and RSI .
  • Strong resistance ahead.
  • RSI Overbought.

Our main scenario is marked with arrows on the chart. The situation can easily change if the next resistance at 74.84 is broken with good strength and volume .

If BTC .D fails to reach 74.84 and close above it, it is very likely to move lower as shown on the chart.

On a drop , the first/main level to be tested would be 69.11 or EMA10. A new update will be shared based on how the charts behave.

Thanks a lot for reading.

Namaste.
Comment: Bitcoin & Ethereum Charts:

Bitcoin Aims at $10,100, Can It Go Higher? | Multiple Scenarios!

Ethereum Grows with Bitcoin | Where To Next, $200?

Bitcoin Bounce In-Play | Can Hit $10,900 But Not There Yet!
Comment: RECENT RESULTS | MORE COMING SOON
________________

Wanchain (WANBTC)(+170%)

FunFair (FUNBTC)(+75%)

Po.et (POEBTC)(+62%)

Bankex (BKXBTC)(+61%)

openANX (OAXBTC)(+61%)
Comment: Thank you all for the support.

Namaste.
Comment: Update:
Comment: This one is going perfectly as charted.
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Comments

Fuck I'm thinking the same thing than Alan. Which mean i'm wrong and i need to do the oposite :(
+1 Reply
@Geindre, Very funny...
Reply
Does this mean ALTS will fly?
+1 Reply
alanmasters FRXMACHNE
@FRXMACHNE, If BTC Dominance falls, yes.
+2 Reply
brycesaint alanmasters
@alanmasters, last bull matket passsing of previous ATH and staying above marked the beginning of btc dominance correcting with new retail money flooding in looking for a cheaper alternative to bitcoin that they can afford to buy a lot of, but I’m still nibbling into to long term alt positions now
Reply
Could you please tell me the name of your indicator which at the right side ?
Reply
savandra Tinkhong_WAVE
@Tinkhong_WAVE, visible range (as on tradingview)
Reply
alanmasters Tinkhong_WAVE
Reply
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