Bitcoin dominance reached its highs since December 2018. In the zone of 60%.
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other projects.
Now we have seen Bearish Engulfing on the chart, which means that bitcoins start to pour into other projects, thus domination of bitcoin falls, as a rule, after such a growth, at least a minimal correction always occurs to roll back for the next tug. I will be watching this important indicator. Now I am waiting for a pullback to 59-58% domination
Nota
FIRST SUPPORT LINE IS BROKEN
This idea is posted during the TradingView x WhiteBIT joint activity, where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=excavo
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
This idea is posted during the TradingView x WhiteBIT joint activity, where traders can receive up to 30% of their trading fees back. More details: whitebit.com/m/cashback-fees-tradingview?affiliate=excavo
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.