DU09

BTC Dominance - Support holding steadily! 67% big test!

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC Dominance found a good support level at 63% and now we're trying to see if we can go higher. We did get a nice spike yesterday but that was quickly corrected.

The next important resistance is at 67% and if that pushes us back down, then we may form an interesting head and shoulder pattern as indicated. This is not yet confirmed, only a possibility.

For now we need to see where price is going next as we are ranging without any clear direction. The indicators are curving higher so this makes me be bullish biased for now. The spike from yesterday also indicated BTC can easily pump higher without any regrets.

Probably we need to wait for the week to start to get some clarity. For now, enjoy the weekend price action (or lack of :P).

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