#BTC. Dominance update from 1d time frame
BTC dominance is looking very strong again,
The reason why I am seeing a big BULLISH ENGULFING candle on daily charts
although it doesn't tell anything surely that it will start rising again...
We need to wait for tomorrow's candle too, how it opens up and where it moves
also talking about BTC dominance we need to look at few resistances here
as you know already BTC dominance having resistance at this 70% zone
that's why tomorrow's candle is important to kinda predict the next moves in terms of BTC
I will update you tomorrow
also I'm back online will give you some alts updates with charts too
#BTC_Dominance @TecnicalCrypto
BTC dominance is looking very strong again,
The reason why I am seeing a big BULLISH ENGULFING candle on daily charts
although it doesn't tell anything surely that it will start rising again...
We need to wait for tomorrow's candle too, how it opens up and where it moves
also talking about BTC dominance we need to look at few resistances here
as you know already BTC dominance having resistance at this 70% zone
that's why tomorrow's candle is important to kinda predict the next moves in terms of BTC
I will update you tomorrow
also I'm back online will give you some alts updates with charts too
#BTC_Dominance @TecnicalCrypto
#BTC DOMINANCE
The ceiling of the descending channel in which it moves acts as a resistance, and as a result, we expect a decline according to the chart.
The ceiling of the descending channel in which it moves acts as a resistance, and as a result, we expect a decline according to the chart.
#BTC.DOMINANCE
On H4 Timeframe the price action of BITCOIN DOMINANCE Formed out the Bullish Double Bottom pattern and played out very well the price action went up till the Daily Horizontal Resistance level marked at the 41.80% to 41.44% level
Currently, The price action is rejecting from there but still consolidating above the Resistance level also the price action formed out the Bearish Harmonic Bat pattern
Volume Profile indicates us the weak volume around the area, Howeever all the EMAs shows the Support levels
On H4 Timeframe the price action of BITCOIN DOMINANCE Formed out the Bullish Double Bottom pattern and played out very well the price action went up till the Daily Horizontal Resistance level marked at the 41.80% to 41.44% level
Currently, The price action is rejecting from there but still consolidating above the Resistance level also the price action formed out the Bearish Harmonic Bat pattern
Volume Profile indicates us the weak volume around the area, Howeever all the EMAs shows the Support levels