BTC.D And ETHBTC Triangles Are Supportive For BITCOIN!
Updated
Hello traders!
Today we will talk about Bitcoin and its dominance!
Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet!
A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading!
So, in our opinion, based on many more evidences we shared with our members, we believe that BTCUSD should be supportive here and it could easily remain in uptrend, ideally within a big bullish triangle pattern.
That being said, as long as BTCUSD is trading above strong 9500 support level, we think that there's room for more upside, so don't fall in love with bears just yet!
Be humble and trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Today we will talk about Bitcoin and its dominance!
Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet!
A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading!
So, in our opinion, based on many more evidences we shared with our members, we believe that BTCUSD should be supportive here and it could easily remain in uptrend, ideally within a big bullish triangle pattern.
That being said, as long as BTCUSD is trading above strong 9500 support level, we think that there's room for more upside, so don't fall in love with bears just yet!
Be humble and trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Note
Hey traders! Do you see what's happening in the Crypto market?! As expected, BTC.D and ETHBTC triangles are nicely and perfectly approaching the end that can be a signal for a jump on Bitcoin, ideally out of wave (b) triangle into wave (c)!Note
After that bounce up, triangle remain valid formation, but still ongoing. will update you ASAP. GH
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