BTC Dominance (TA). (Prj.2019.P01).BTC consolidating
Observations:
On the weekly chart, we see a regular Bearish Divergence
On the daily chart, we see a pullback to the 20 (and up) or to be 50 EMA.
BTC dominance trend is still bullish, the main trend and hence go with the trend
Confluence with ALT coins recently either maintaining its range and in some cases breaking out of its downward wedge Macro formations.
Conclusion:
20 or 50 EMA bounce level or main FIB. Levels as per chart indications.
Weekly Chart:
On the weekly chart, we see a regular Bearish Divergence
On the daily chart, we see a pullback to the 20 (and up) or to be 50 EMA.
BTC dominance trend is still bullish, the main trend and hence go with the trend
Confluence with ALT coins recently either maintaining its range and in some cases breaking out of its downward wedge Macro formations.
Conclusion:
20 or 50 EMA bounce level or main FIB. Levels as per chart indications.
Weekly Chart:
Comment:
Bullish Div. on the 1 Hrly chart. Flip to BTC from ALTs.
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
