Opis
⋅ As long as the dominance fluctuates in the bullish channel we are in an uptrend on dominance.it could cause some retracement in BTC price tho.
Komentarz
⋅ we had a pulse in dominance which cause a correction in BTC price.
BTC is recovering so there is the possibility for Dominance to make another downtrend pattern in small time frames
Komentarz
⋅ as BTC is recovering the dominance correcting
Komentarz
⋅ something we have to consider :
as I see we have 2 channels involve in the BTC.D these days.
1- bullish purple
2- static yellow
as I see we have 2 good support and 2 good resistance for Dominance to react on them if It reaches each of them.
Komentarz
⋅ another important thing is we are in a triangle, which means breaking out from each side COULD cause a sharp movement to the target area
in which scenario the BTC price will heavily affect.
and that will be the real BULL/BEAR market for a couple of months.
Komentarz
⋅ the struggle between EMA 50 and 200 continues
let's see which one will win this fight
Komentarz
⋅ going up from this stage is kinda messy. need a little rest to continue,
however its kinda tricky not to say we didn't saw the expanding triangle
Komentarz
⋅ it could be a simple pullback, not sure .
if breaks the white line will fall to the red one
Komentarz
⋅ reacted to the white line but still continue
Transakcja zamknięta: osiągnięto wyznaczony cel
⋅ the first target fulfilled
The second will be soon.
we will have a restacement then
Komentarz
⋅ dominance update will continue in another idea