▪️The price is clamped into a triangle, I am set for a strong takeaway, there are several targets that I have highlighted on the chart!
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▪️ Deadline for the deal 3 days
▪️Ethereum reached $2000 is a strong (round) level for sales + overbought indicator + divergence (divergence from the indicator) there will be no growth at the weekend
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The above chart of Bitcoin laid out an ascending channel pattern. Ascending channel also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend .
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For the bulls to take over in the medium term, we need a break above the last major high from H4 highlighted in green.
In this case, a move to the 28k-30k resistance/supply zone could be expected.
Meanwhile, they are bullish unless the bears manage to break below the last major low highlighted in blue.
Which scenario do you think is more likely? and...
#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is...
▪️Deadline for the deal is 7-10 days
▪️Squeeze to the upper limit for a month, will give a takeaway to 30,000$
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▪️If you use the fibo correction correctly, we have a resistance level at $24,300 there
▪️Next target $29670 for Bitcoin
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