marqtz

Accumulation Cylinder Forming

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
The BTC Dominance is playing inside an accumulation cylinder and appears to be headed for level 50. In my opinion bitcoin is gaining strength. Very likely considering the global events taking place day by day. If it goes up we will see the Altseason delayed, at least towards the end of the year. This is however a positive sign for the entire crypto space, which will gain against USD. It wouldn't be good for Bitcoin to collapse now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.