Dominance of Bitcoin BTC.D after 07 09
At the moment - after the red candle 07 09 2021, the domination jumped, which is logical.
But you can ask yourself the question - is the dominance of 42.21 enough - to continue the rise in the price of bitcoin?
If the dominance of bitcoin does NOT grow, it will not be able to stand still for a long time and will roll down in a very short time. Even if we assume the growth of bitcoin without the growth of domination.
I expect a splash of domination upwards. Since I suppose that there should be a "fuse" for the further growth of bitcoin - and a further fall in domination.
I expect a splash of domination upwards. And this rather means that the correction awaits us in the future.
And as it happens to me - the idea must be different at first.
But I noticed a domination patch - which is very similar to the current situation.
And oh my god, I realized that this is a well-known coronadamp in March 2020.
yes, you probably saw the pictures of BTC \ USDT where this site is viewed.
Earlier I rejected this similarity to the pair against the dollar. But by domination, this site was striking.
I do not want to assume price levels. But it looks like the correction may be more than many think.
Another drain is more likely - a sharp but rather quick recovery.
Also in this idea of mine I again fell into the trap of "spring 2022". I have already published ideas on BTC on my channel - and I am considering the option of the peak in spring 2022 as an alternative option, to the option December 2021. I still have not solved this dilemma and domination only adds ambiguity.
In any case, I do not consider the current market to be bearish. And I expect ATH bitcoin 93-102k dollars per BTC by December 2021 (priority option) \ spring 2022 (my next priority option).
This is the idea. and Alas, she also leaves questions. You can write your thoughts in the comments.
Additional descriptions on the chart.
But you can ask yourself the question - is the dominance of 42.21 enough - to continue the rise in the price of bitcoin?
If the dominance of bitcoin does NOT grow, it will not be able to stand still for a long time and will roll down in a very short time. Even if we assume the growth of bitcoin without the growth of domination.
I expect a splash of domination upwards. Since I suppose that there should be a "fuse" for the further growth of bitcoin - and a further fall in domination.
I expect a splash of domination upwards. And this rather means that the correction awaits us in the future.
And as it happens to me - the idea must be different at first.
But I noticed a domination patch - which is very similar to the current situation.
And oh my god, I realized that this is a well-known coronadamp in March 2020.
yes, you probably saw the pictures of BTC \ USDT where this site is viewed.
Earlier I rejected this similarity to the pair against the dollar. But by domination, this site was striking.
I do not want to assume price levels. But it looks like the correction may be more than many think.
Another drain is more likely - a sharp but rather quick recovery.
Also in this idea of mine I again fell into the trap of "spring 2022". I have already published ideas on BTC on my channel - and I am considering the option of the peak in spring 2022 as an alternative option, to the option December 2021. I still have not solved this dilemma and domination only adds ambiguity.
In any case, I do not consider the current market to be bearish. And I expect ATH bitcoin 93-102k dollars per BTC by December 2021 (priority option) \ spring 2022 (my next priority option).
This is the idea. and Alas, she also leaves questions. You can write your thoughts in the comments.
Additional descriptions on the chart.
Related publications
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.