BTC dominance (Y20.P4.E4).Upward pressure
Updated
*** A continuation of the previous BTC dominance chart, link provided below ***
The formation and the indicators show upward pressure on the daily.
Its my opinion in conjunction with what BTC is doing, that we will likely have BTC drop towards 10200 again and further more towards 9200 to 9500 to complete the ABC correction wave.
I find it highly likely at this stage.
Its also observable that a few of my posts on ALT coins, I have them going lower at the macro level and we can see weakness in the market, more so with the SP500.
Gold and Silver also not looking great.
What do you think?
Please give me a like or tick for this post.
Regards,
S.SAri
BTC chart, note the fractural with the 12400 top and this micro structure.
DXY, US Dollar index also looking more of a reversal especially with the bullish div on the daily + more
SP500 chart, looking like general stock markets are doing the correction, lets hope its not a deep correction.
PREVIOUS BTC DOM chart
The formation and the indicators show upward pressure on the daily.
Its my opinion in conjunction with what BTC is doing, that we will likely have BTC drop towards 10200 again and further more towards 9200 to 9500 to complete the ABC correction wave.
I find it highly likely at this stage.
Its also observable that a few of my posts on ALT coins, I have them going lower at the macro level and we can see weakness in the market, more so with the SP500.
Gold and Silver also not looking great.
What do you think?
Please give me a like or tick for this post.
Regards,
S.SAri
BTC chart, note the fractural with the 12400 top and this micro structure.
DXY, US Dollar index also looking more of a reversal especially with the bullish div on the daily + more
SP500 chart, looking like general stock markets are doing the correction, lets hope its not a deep correction.
PREVIOUS BTC DOM chart
Comment
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short term, bearish div. for btc domComment
sp500Trade active
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BTC.Dom is more to go, short termComment
change of plan
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This community has signals now but with no risk management comms.
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