OFFICIALLY WE ARE IN AN ALTSEASON , BTC.D broken down confirmed✓
Technical analysis:
#BTC.D(Dominance update)
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-
1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.
3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins
4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season!
Many indicators are also revealing signs of weakness in this index.
OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW!
WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!!
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #bitcoindominance #bullmarket #sideways #btc.d #weeklyclosed
#BTC.D(Dominance update)
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-
1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.
3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins
4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season!
Many indicators are also revealing signs of weakness in this index.
OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW!
WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!!
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #bitcoindominance #bullmarket #sideways #btc.d #weeklyclosed
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