BTC Dominance update

BTC dominance just had a major level breakout as per daily chart
The daily candle opened above 70% level

which is very very bad for ALTS
ALTS will die if it keeps going up

next target 71.5 - 72% zone



Note: This BTC dominance means 70% of the entire crypto market's money are trading into BITCOIN only, and rest 30% are in ALTS

BTC update 👆 👆

Do u see that Diamond pattern there
it means both sides either breakout or a breakdown 📈📉

📌 but things to notice when a Diamond pattern appears

🔺 1st: When a Diamond pattern appears on top level, Usually it breaks down

🔺 2nd: When a Diamond pattern appears on bottom level, Usually it breaks out

Here on the BTC 4Hr. Chart, I see this diamond pattern at top zone

🔴 means we can see a drop till 11K - 10.9K levels 🔴

¯\_(ツ)_/¯

As Expected

Alert ❌

BTC dominance is already 71%
today's high was 71.21%

72% is the next resistance level

BTC dominance update using 1D time frame:~

as you can see few days back I said BTC dominance could potentially touch 71.5 - 72% level and hit that exact trend line resistance then dipped 📉 .....

for past 2 days it kept falling and now its 3rd consecutive day following the red candles but here is the tricky part... ⬇

you can see today's candle is so far forming a Doji
and DOJI candle always indicates a reversal 📈

So, my thought is if today I see this candle closes as Doji then No more chance for alts growth this week

but if if if this current Doji type candle falls below that Red zone, then I will accumulate alts for short term (only for 1-5 days hodl)


@TecnicalCrypto #Dominanec

Coinbase UK Dropping Support for Cryptocurrency Zcash


🔹 Source: | CoinDesk |
🔸 Follow: @CryptoBroadcastDaily


🔹 News Link: https://bit.ly/2OQHRHK

Coinbase dropped support for zcash 👎
bad

New Zealand Rules Receiving Income in Bitcoin Is Legal, Taxable 📊

Big news 😍

https://cointelegraph.com/news/new-zealand-rules-receiving-income-in-bitcoin-is-legal-taxable

Dominance broke down.
Heck yeah, can we please see ALTS moon jump 😍

Of course 🙈

ALTS volume getting good momentum. 📈
I will start accumulating now.

what I feel is this month is going to be for alts.



hope is there, Alt szn is round the corner.

Samsung quietly adds support for bitcoin to its Blockchain Keystore


🔹 Source: | TheBlock |
🔸 Follow: @CryptoBroadcastDaily


🔹 News Link: https://bit.ly/2H7HEJP

Very much positive

Coinbase Lists ALGO


https://bit.ly/2Mft5rK

BTC Update:~ 👆

what I think now BTC has to touch this support around $9900 - 9800 zone.

if this support plays well then again BTC will flip back up

incase if BTC goes below that trend line then very bad for BTC
and we might see $8800 - 9000

BITCOIN dumping ¯\_(ツ)_/¯