Bitcoin Dominance has been struggling to stay above 70, as the Altcoins have started taking over.
BTC.D is in the middle of what could become a Head and Shoulders Pattern, with the Support and Resistance forming a symmetrical triangle pattern.
What this means?
Jan - February:
We should see BTC.D reverse from here, to form the last shoulder, meaning BTC should move up a little. Then we could see BTC.D drop back down to the neck and further, meaning one last down for Bitcoin. We should find a pivot here, as the support is very strong, and should be enough to catapult BTC higher.
March - May:
We should see a major rally sometime as early as Early March - Late April, soaring into May.
Good luck!
Bitcoin dominance just takes the entire market cap of Cryptocurrency, and takes the % of that amount invested into Bitcoin, and makes it into a number. This will usually show us trends, or confirm trends.
BTC.D is in the middle of what could become a Head and Shoulders Pattern, with the Support and Resistance forming a symmetrical triangle pattern.
What this means?
Jan - February:
We should see BTC.D reverse from here, to form the last shoulder, meaning BTC should move up a little. Then we could see BTC.D drop back down to the neck and further, meaning one last down for Bitcoin. We should find a pivot here, as the support is very strong, and should be enough to catapult BTC higher.
March - May:
We should see a major rally sometime as early as Early March - Late April, soaring into May.
Good luck!
Bitcoin dominance just takes the entire market cap of Cryptocurrency, and takes the % of that amount invested into Bitcoin, and makes it into a number. This will usually show us trends, or confirm trends.
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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.