With this grinding upward motion, it gives me no confidence that the bulls are in charge.
Like before, the grind eventuated to a spillover and I feel this will repeat gain and the chart somehow supports it on the smaller time frames as a fractural.
Note:
BTC Dominance is now dropping which potentially explains why its a grind, I suspect some of the ALTs will take the $$ away from BTC because its done its run.
It seems whenever BTC goes sideways, people then switch over to the ALTs and therefore taking the dollars away from BTC upward drive.
This repeating pattern is occuring often and it just shows they rather not invest more dollars but flip to increase the BTC accumulation
BTC Dominance on the 4 HRLY
Like before, the grind eventuated to a spillover and I feel this will repeat gain and the chart somehow supports it on the smaller time frames as a fractural.
Note:
BTC Dominance is now dropping which potentially explains why its a grind, I suspect some of the ALTs will take the $$ away from BTC because its done its run.
It seems whenever BTC goes sideways, people then switch over to the ALTs and therefore taking the dollars away from BTC upward drive.
This repeating pattern is occuring often and it just shows they rather not invest more dollars but flip to increase the BTC accumulation
BTC Dominance on the 4 HRLY
Note
Note
One more attempt at the resistance but it needs momentum and a drop to the 0.5 fib retracement or slope resistance (to act as support in this case). 7500 target. Question is will the daily candle close above the 21 MA\EMA when that happens.Note
Strong resistance next
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.