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AlanSantana
Jan 8, 2022 3:41 PM

Bitcoin Dominance Bullish Pattern Long

CRYPTOCAP:BTC.D1D
Market Cap BTC Dominance, %CRYPTOCAP

Description

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The most reliable pattern of all is the falling wedge.

We see this pattern forming over and over before a bullish breakout and it works to predict a reversal most of the time.

Bitcoin Dominance Aims Higher

We have 4 green candles the last four days and some more bullish signals.

There is bullish divergence with the MACD and RSI compared to September 2021.

Yesterday, BTC.D managed to close above EMA10 while EMA21 is being challenged today.

We have a falling wedge pattern.

Things are looking good above "Support".

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Comments
relaw
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Thank you master for your TA.
Namaste!
AlanSantana
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@relaw, My pleasure.
peterbhc
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I have been monitoring a triple bottom on BTC.D and how it will affect ALT market and if 1D MA 50 will reject BTC.D
AlanSantana
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@peterbhc, What's your conclusion?
peterbhc
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@AlanSantana, Watching daily candle close now that MA50 broke above. The last few times MA50 broke, BTC.D pumped, prob gonna happen again. OTHERS.D I am watching for MA50 (hold or reject) for confirmation of token rotation or continued ALTSEASON. But I am in wait and see mode since i do not have enough information to make a sound decision.
peterbhc
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@peterbhc, Appears that an ALTSEASON may still be intact with a BTC.D rejection at MA50 - i'll be watching over the next few days what those 2 dominance's deliver.
dualmass
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@peterbhc, what coin are you gonna buy?
peterbhc
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@dualmass, You mean, which coins have I been buying? FTM, MATIC, KAVA, MANA, BTC, DOT, ADA, LINK, SOL, SHIB, KEEP, ALGO
troyolymia
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@peterbhc, yawns….
troyolymia
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Take a seat bro, get some rest…. Your commentary has a lot of people trapped as of right now..
You will not get a new high this year…
And that’s ok #short
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