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:
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Could you please tell me the name of your indicator which at the right side ?
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savandra Tinkhong_WAVE
@Tinkhong_WAVE, visible range (as on tradingview)
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alanmasters Tinkhong_WAVE
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@alanmaster Please do ananalysis of The Divi Project - Divi Coin. It is one of the few alt coins to go against the market trend. It just did 5x overthe last 8 weeks. I would appreciate it a lot. I my self is feeling it should be going sideways soon. But its hard for me to chart it because it is limited how much history I have to judge from. If you read the blog there is tons of great news in in the works for the next 6 months.

https://coinmarketcap.com/currencies/divi/#markets
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alanmasters AndersBitcoinSorensen
@AndersBitcoinSorensen, Thanks for sharing.
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I still believe dominance can reach 87/100%
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honest question, what does volume on a dominance chart mean?
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@BMLemon, Honest answer, don't know. But we can still use it as an indicator, seeing the trend diverge from the volume is a bearish signal...
+2 Reply
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