It’s becoming much difficult to tell where BTC is heading.
Analysis from a macro prospective:
Currently we have Asia Pacific retailer investor.
Crypto market only seem to have smaller institutional investors.
Crypto Exchanges seem to be getting hacked every week.
Crypto does not have a killer game or dapp for mass adoption.
There have been zero rally’s in the crypto market.
There have however been a lot of manipulations and pump and dumps.
What the chart shows:
When the cloud is below BTC , we are in a scenario.
When the cloud is above BTC , we in a scenario.
Currently the cloud is above and is showing market.
The is going down to 140.
While the dominance remain the same.
However, the now are much lower than before.
This shows the market is petering out .
The market is hedging against BTC because we are moving sideway and no definitive direction.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Happy trading People...