mr_willmedina

BTC.D trending lower!

Short
mr_willmedina Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Hello everybody,

I woke up this morning and was ecstatic when I saw BTC.D had finally broken down below 68%!

We're getting amazing alt movement this weekend, so I hope ya'll didnt get shaken out of your plays.

When looking at dominance, we are looking pretty good to continue trending lower. I do not believe its going to be a quick move down, in fact I believe, we will be trending lower in the near and mid term.

Coins like ADA, DOT, LINK are showing us that theres much more to come, so please trade safe but dont get shaken out because I believe this will be an amazing year for us. Take some profits along the way of course, make sure you get your lady or your man a gift!

When looking at the indicators we will have a new 2D and 4D later today, but since the red RSI is below level 50 on the 2D we will most likely hit the green lower BB around 66%.

The green line on the 4D is below 50 as well so we will most likely hit the BB basis around 66% as well.

Also lets watch our race between the 2D and 4D because if the energy on the 2D does not make it above 50 before red RSI on the 4D closes below 50, we will most likely trend lower for a while!

Anyway, I hope yall are having fun and making some cash!

Trade thirsty my friends!
Comment:
Pay no mind to that wedge, to me my chart had no drawings I guess they were just hidden.

Thankfully that didn't play out. That would of been destruction!

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.