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This idea is to see the direction of movement of BTC Dominance going forward.
My analysis is that the BTC Dominance movement can go up to at least the 0.382 area even up to 0.618 the yellow line.
However, if it fails to reach the 0.382 yellow line, BTC Dominance could go down towards the red line below this published analysis position.
Consider this BTC Dominance movement against your position on other BTC & Alt coins. The Correlation are if BTC Dominance goes up then ALT Coin goes down the opposite also applies. However, the BTC Dominance movement is also directly proportional to Bitcoin's performance.
Like, share & leave your comments to support this TV growing. As much as possible all your questions will be answered.
Safe trading & greetings PROFIT !!!
Information :
#The red line is S / R weekly
#The yellow line is S / R daily
#The hijay line is S / R TF 4 Hour
This idea is to see the direction of movement of BTC Dominance going forward.
My analysis is that the BTC Dominance movement can go up to at least the 0.382 area even up to 0.618 the yellow line.
However, if it fails to reach the 0.382 yellow line, BTC Dominance could go down towards the red line below this published analysis position.
Consider this BTC Dominance movement against your position on other BTC & Alt coins. The Correlation are if BTC Dominance goes up then ALT Coin goes down the opposite also applies. However, the BTC Dominance movement is also directly proportional to Bitcoin's performance.
Like, share & leave your comments to support this TV growing. As much as possible all your questions will be answered.
Safe trading & greetings PROFIT !!!
Information :
#The red line is S / R weekly
#The yellow line is S / R daily
#The hijay line is S / R TF 4 Hour