CRYPTOCAP:BTC.D Hello everyone. As we can see : - Spike on October 2019-2018-2017 - Spike on new entries on BTC ( 7D moving average ) - Gap at ( 65.8% - 65.1% ) - Descending channel - Pullback from support line - Upward support line in RSI
We cant recognize dominance moving with technical analysis its something like fillings or fundamental analysis ! But we used most of them on this chart, we will have another spike on dominance because its October and October had spike on last 3 years. Also we have a spike on new entries and it cause some upward movements on BTC.
But we had some failed broke from support line ! If dominance lead under it then we will continue our downward trip to next support line on into descending channel !
Attention : this is not a financial advise we just try to help people on their own vision.