harisonhbn9718

Bitcoin Dominance it's bullish!!! Altcoins drop!!!

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
At the moment, analyzing this indaictor, as Bitcoin break out the $42,000 USD, the Bitcoin domiance it's around of 64.35%, that mean that now Bitcoin it's more setrnghten against the altcoins in multitimeframe analyse.

Now, looking in H8 timeframe, we see that BItcoin it's break out this bearish trend line , and we have the possibilitieies to continue up the Dominance to recover it.


In 3 Daily chart , we see that BItcoin Dominance it's formed and closed the bullish candlestick today, that it's another bullish signal for BItcoin and my own forecast it's the 72% using this strategy of supply and demand .


And finally, as Bitcoin it's more strenghten, we confirm this support following this trend support line, and in four occasion we confirmed it. that mean that bulls are preparing to leae a Bitcoin more higher price in the next days.



Comments

what about chainlink? is it going to drop?
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