We might see a dominance bounce and suction of some overbought alts into papa soon Rejection in the red zone in circle might cause a further dominance drop till end of the year in to the new lows.
Cheers
ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Good work
I don't see BTC.D falling as far below to 20 how-ever anything can happen.
What I see is a correction phase with BTC.D making a run up after falling for so far while Bitcoin correct in USD Price and alts plunge, a quarter, including all the markets of Nasdaq,Russell, DJI and S&P500, giving DXY some room to breath since has created an ascending wedge since March 2020 with a Large time-frame of ABC correction.
Yet, all speculation given from anyone is still to be seen.
World is getting crazy with Gaza[Palestine] and Israel,
India's Covid puts a big question mark for the new variant spreading around the globe even tho' in the media especially in US things seems to be getting better on easing Covid restrtiction.
World is a staged place.
Market are irrational and they may keep continue increasing, how ever in TA a correction must occur for 2020's amazing performance overall in all markets
Ether2020
⋅
Hey I will be your 3000th follower right now!
I have the same view. In my own analyse of Bitcoin I see there are a lot of H-S patterns, They work very often and if fail it is another great sign for an explosion to the other side.
Thanks for your chart!
koreanbulldozer97
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nice analysis. i agree a to b
anonycoin
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This is not possible bro
B0000000
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Agree
shimmeringpath
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Agreed - I've been expecting our Dominance lows this year to be lower than 2017 got . This year will be different I think .
I don't see BTC.D falling as far below to 20 how-ever anything can happen.
What I see is a correction phase with BTC.D making a run up after falling for so far while Bitcoin correct in USD Price and alts plunge, a quarter, including all the markets of Nasdaq,Russell, DJI and S&P500, giving DXY some room to breath since has created an ascending wedge since March 2020 with a Large time-frame of ABC correction.
Yet, all speculation given from anyone is still to be seen.
World is getting crazy with Gaza[Palestine] and Israel,
India's Covid puts a big question mark for the new variant spreading around the globe even tho' in the media especially in US things seems to be getting better on easing Covid restrtiction.
World is a staged place.
Market are irrational and they may keep continue increasing, how ever in TA a correction must occur for 2020's amazing performance overall in all markets