Just as we discussed over the weekend, Bitcoin dominance has arrived at intended target in an A-B-C wave on the 1 hour and 4 hour timeframe with a shooting star at the 50EMA on 4 hour set. This candlestick pattern will surely give altcoins a relief tonight but we will analyze if this is done or there will another wave up to the 21EMA on the daily chart. That will be updated once dominance finishes the pullback. Stay tuned fellow traders!
Trade attivo
Bitcoin Dominance has regained momentum reclaiming the 200EMA on the 1H and overshadowing the shooting star. This confirms an impulse 5 wave to a minimum target of 62.63% (on daily chart that's 0.382 fib retrace of decline) to about the 0.5 retrace at 63.28% . Bitcoin has also given a MACD signal that may break the support of 116k in it's 4H Sideways choppy price action. No doubt trading in sideways choppy market can chop your profits and account balances drastically. Buy (insurance) called stop loss on every trade entry. If you can't afford the stop loss then you can't afford the trade so just as the chart shows, stay on the sidelines sideways. Best of the trading day to everyone. 
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.