Election Day Top Out ? BTC.D #btcd #bitcoin #dominance #crypto
Will BTC.d rise by November 4th ?? Here we see the BTC.D chart which has been in this lower range for months now . I've been waiting for this chart to turnaround and head back up . For me when the rsi on the BTC.d chart hits 74 or higher on the 1 day chart then Btc is usually a sell ( to take profits ) and alts are usually going to be a buy at that time as well . Right now with rsi at 41 it's really a 'No Trade' zone for me . My favorite trades happen after we see this Dominance chart top out. When will that happen ? It's been months already . Well , there is Election Day in the US which is November 3rd this year . I expect Bitcoin will run back up by then - possibly to 14k - but really I expect our BTC.d chart will be bullish possibly going up to where that Blue Gift is on the chart - near 68 resistance . Will this be good news for us by early November ? I certainly hope so ! November 4th ?? Let's see !
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Great news as Dominance chart is looking up ! We have finally closed above the long downward trend regression band ( the pink and blue band ) and are sitting at 61.72 right now . I still think Dominance chart will see an Rsi rise to 75 or more by Election Day in the US which is Nov 3rd but who knows ! Maybe it happens even a bit sooner. Rsi right now is 59 .
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Still looking good ! Our Rsi is now sitting at 65.33 and we are wicking up to the bottom of the Ichimoku Cloud . Will we go through it ? Let's see . There could be a bit of consolidation first but we still look good !
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We're inside the Ichimoku cloud now and look good to go up and touch the 200 MA sitting above us around 62.80 on the chart - Btc is in a tight squeeze but I expect upside by Halloween .
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Going great Btc.d at 61.74 now ! Poised to break up out of the Ichimoku cloud we are in . Bitcoin is surely to 13300 or above in near future . Looking great . Rsi above 72 ! Halloween Party still expected .
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Bitcoin hit 12800 this morning ! Going great and Btc.d is now at 62.20 and very near the break out point of that Ichimoku cloud . Chart looks great .
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Election Day is here ! And we look great sitting at 64.50 now having broken through the cloud and still possible to hit 65 or higher soon .
