BTC.D has not topped out yet!
Everybody is convinced that BTC.D has topped comparing it to arrow number 1.
What if we should compare it to number 2?
Overall movement direction is UP, not DOWN as it was in 2020.
BTC.D found support on 50MA and formed hidden bullish divergence on RSI.
63-70% dominance is levels to watch
What if we should compare it to number 2?
Overall movement direction is UP, not DOWN as it was in 2020.
BTC.D found support on 50MA and formed hidden bullish divergence on RSI.
63-70% dominance is levels to watch
Trade active
Bitcoin dominance regained 21MA and currently trading above it. Altcoins are going to bleed even more
Some low-cap alts can profit from rise of BTC.D tho
Note
Once again. BTD.D is not TOPPED yet. Currently trading above resistance level acting like support. One more drop for altcoins is coming. Expect -50-70% for most of altcoins.
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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.
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.