BTC dominance (Y20.P3.E23).MACRO.Bearish trend
Updated
Hi,
On the Daily and larger time frame, BTC dominance still has downward pressure, based on the Phoeix\RSI\WT indicators, as well as the structure that I have outline in this chart.
There seems to be a bullish div. trying take place but its not that evident on the larger time frames (TF), only on the lower TF.
Here is the 2 Day chart, Note RSI is very low and will have a bounce soon.
12 chart, looking for the WT to cross over to see if the bullish divergence kicks in.
Note: WT is much more responsive than the MACD.
How to trade this?
Look for those ALTs that have great upward trend > safer trading method.
Those who have just broken a major resistance or lead in trend line and retesting it.
Don't be complacent with jumping in on many for I'm sure some of you, including me, are spread out on too many alts.
Cheers,
Please give me a like or tick for this post.
Regards,
S.Sari
Here is the previous BTC dominance chart post.
On the Daily and larger time frame, BTC dominance still has downward pressure, based on the Phoeix\RSI\WT indicators, as well as the structure that I have outline in this chart.
There seems to be a bullish div. trying take place but its not that evident on the larger time frames (TF), only on the lower TF.
Here is the 2 Day chart, Note RSI is very low and will have a bounce soon.
12 chart, looking for the WT to cross over to see if the bullish divergence kicks in.
Note: WT is much more responsive than the MACD.
How to trade this?
Look for those ALTs that have great upward trend > safer trading method.
Those who have just broken a major resistance or lead in trend line and retesting it.
Don't be complacent with jumping in on many for I'm sure some of you, including me, are spread out on too many alts.
Cheers,
Please give me a like or tick for this post.
Regards,
S.Sari
Here is the previous BTC dominance chart post.
Comment
Another way to look at it. I had this chart but overlooked it.
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This community has signals now but with no risk management comms.
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