TradingView
FieryTrading
Jan 4, 2024 12:51 PM

🔥 Predict The Next Crypto Bull-Market: Save This Chart! 🚨 Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

â‹…
In this analysis we're going to take a closer look at the Bitcoin dominance, also known as BTC.D.

As seen on the chart, the BTC.D appears to be trending downwards over a long period. However, the most recent peaks (red arrows) in the BTC.D value have coincided with the start of the bull-markets.

Assuming that the Bitcoin Dominance will keep on going up, there's a very decent probability that the next Crypto Bull-Market will start once the purple resistance line is hit. Just be patient!

Keep an eye on this chart, since it might signal the start of the next bull-run.
Comments
saksaganim
â‹…
If you draw your trend line more carefully, your analysis will make sense. I think the line you drew was emotional.
FieryTrading
â‹…
@saksaganim, Can you show me the correct trend line?
handyrams8
â‹…
good analysis! thanks
More