BTC Dominance (Y20.P1.E4).Still room for the upside
Hi All,
I hope all of you have done well, even the XRP stubborn HODLers.LOL
Looking on the daily BTC dominance chart, we are in an uptrend on the macro level.
We also have a large ascending triangle formation, meaning we are having a continuation pattern to the upside.
Question is when will it break out of this pattern, to the upside?
Soon I would expect a pullback, potentially to the 8k level and maybe even to the inv. H\S neckline.
Now do we hit 8500 resistance or 8700 resistance or do we go down from here, 8450?
Not an easy question to answer if your shorting like me, selling at major resistances and hopefully buying back at major supports.
So be wise and use the BTC dominance charts so one can know when to "NOT go for the ALTs".
With the BTC dom.chart, I'm looking for some wicks on the daily to tell me when its the ALTs turn and hence sticking to my strategy, accumulate more BTC especially now with a strong breakout.
I believe the bottom has been set for BTC and the 6K region won't be EVER revisited, WOW.
But never say never, don't care if it does or not, just trade.
All the best with your trading, for are hopefully going to see some reward with our patience.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
SSari / CryptoProspa
Close up, 4 HRLY chart
PREVIOUS BTC DOM. POST
CURRENT BTC TA
I hope all of you have done well, even the XRP stubborn HODLers.LOL
Looking on the daily BTC dominance chart, we are in an uptrend on the macro level.
We also have a large ascending triangle formation, meaning we are having a continuation pattern to the upside.
Question is when will it break out of this pattern, to the upside?
Soon I would expect a pullback, potentially to the 8k level and maybe even to the inv. H\S neckline.
Now do we hit 8500 resistance or 8700 resistance or do we go down from here, 8450?
Not an easy question to answer if your shorting like me, selling at major resistances and hopefully buying back at major supports.
So be wise and use the BTC dominance charts so one can know when to "NOT go for the ALTs".
With the BTC dom.chart, I'm looking for some wicks on the daily to tell me when its the ALTs turn and hence sticking to my strategy, accumulate more BTC especially now with a strong breakout.
I believe the bottom has been set for BTC and the 6K region won't be EVER revisited, WOW.
But never say never, don't care if it does or not, just trade.
All the best with your trading, for are hopefully going to see some reward with our patience.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
SSari / CryptoProspa
Close up, 4 HRLY chart
PREVIOUS BTC DOM. POST
CURRENT BTC TA
Comment:
4 HRLY chart . BTC dominance
Order cancelled:
got it wrong...I'm learning
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
