BTCD - At support and trying to push higher! Can we do it?
BTC Dominance has been hovering above support for some weeks now... can we finally break above this level?
The indicators would say yes, we seem to build up momentum to go higher, but every time we try, we get rejected.
MACD shows we are picking up speed as indicated by the histogram, but the candles are still to reach the resistance at 67%. Why so difficult?
When BNB and other altcoins pump 10x in a month, it's hard for BTC Dominance to move higher. For now the fact that we maintained this support is bullish for BTC.
I'd be surprise for us to fall lower as that would require ETH and other major alts to pump hard, yet BTC can also go higher in tandem while maintaining this support, like we did in February so far. Seems all market is growing at even levels lately.
This is very bullish for the overall market. Can't complain really... all bets are profitable lately. :) Bias remains bullish on BTC overall.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
The indicators would say yes, we seem to build up momentum to go higher, but every time we try, we get rejected.
MACD shows we are picking up speed as indicated by the histogram, but the candles are still to reach the resistance at 67%. Why so difficult?
When BNB and other altcoins pump 10x in a month, it's hard for BTC Dominance to move higher. For now the fact that we maintained this support is bullish for BTC.
I'd be surprise for us to fall lower as that would require ETH and other major alts to pump hard, yet BTC can also go higher in tandem while maintaining this support, like we did in February so far. Seems all market is growing at even levels lately.
This is very bullish for the overall market. Can't complain really... all bets are profitable lately. :) Bias remains bullish on BTC overall.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
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