Monday BTC Report 21-11-29
Price is currently playing between the 50EMA and the 8EMA. We didn't get a higher high before the retracement and you can see in the descending channel that price still did not break out of it. News events are affecting the run at this point. FUD brought on by misinformation from misguided news outlets worldwide. The DXY is falling predictably as well but the issue for BTC I think is Dominance. It has been consistently falling and is now around 42% which is very low. ETH Dominance on the other hand has been steadily increasing and is higher now than it has been since March of 2018. I do believe that much of the investment in crypto from the retail side is in the ALT coins. That's where the hype is and that's where retail investors usually put their money. In hype created by the institutions.
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