BTC DOMINANCE WILL EXPLAIN EVERYTHING
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In 2018, from 26 March till 30 April, BTCD rejected the 50 psychological resistance level, then dumped directly to 40, during this time, BTC went up (55% +) and alts got over 100% and 200%, but this is due the crash before it.
So for now, I think the market will be bearish till we reach 50 on BTCD, or till we complete the bullish scenario (sent yesterday, will put the link below), then we will see how BTCD reacts on the 50% level which is in confluence with the golden ratio of the Fibonacci retracement. Only then we can know if we will go bullish again, for a mid or long term.
Note: Keep in mind this cycle is different, but still we should always look at history, I still believe we could be repeating 2013.
The most crucial thing to watch is how BTC will react till we reach this 50% on the BTC.D, currently we are at 47, and when BTC.D is going up everything is going down.
If BTC drops till 20k by the time we reach 50% on the BTC.D, it is not the same as if BTC hold 30k when we are at 50% on the BTC.D.
For now, we short...
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
In 2018, from 26 March till 30 April, BTCD rejected the 50 psychological resistance level, then dumped directly to 40, during this time, BTC went up (55% +) and alts got over 100% and 200%, but this is due the crash before it.
So for now, I think the market will be bearish till we reach 50 on BTCD, or till we complete the bullish scenario (sent yesterday, will put the link below), then we will see how BTCD reacts on the 50% level which is in confluence with the golden ratio of the Fibonacci retracement. Only then we can know if we will go bullish again, for a mid or long term.
Note: Keep in mind this cycle is different, but still we should always look at history, I still believe we could be repeating 2013.
The most crucial thing to watch is how BTC will react till we reach this 50% on the BTC.D, currently we are at 47, and when BTC.D is going up everything is going down.
If BTC drops till 20k by the time we reach 50% on the BTC.D, it is not the same as if BTC hold 30k when we are at 50% on the BTC.D.
For now, we short...
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
Comment:
BTC.D doing wonders...
