#BTCD
Bitcoin dominance broke down from middle line of a parallel channel, and I think it has to fall more to touch the lower line.
that help bitcoin touch the upper line of ascending parallel channel.
also it is possible that BTC.D fall more to long term support zone again, and touch the long term descending support line. then start a rally, that may have cause the drop of bitcoin.
Bitcoin dominance broke down from middle line of a parallel channel, and I think it has to fall more to touch the lower line.
that help bitcoin touch the upper line of ascending parallel channel.
also it is possible that BTC.D fall more to long term support zone again, and touch the long term descending support line. then start a rally, that may have cause the drop of bitcoin.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.