BTC Dominance (Prj.Y19.P2.E3).BTC is getting ready
Observations:
> On the 4 HRLY chart, we can see another Bullish Div. coming into play, much like BTC\USD also forming a bullish div. (link below)
> As you can see on this chart, the history of recent reversal due to bullish divergences.
My Thoughts:
This is good to see as it lines up with BTC price chart, with a downward bullish wedge in the making.
With the BTC shorts remaining low, implies either people are holding onto their BTC (not selling) and going long or they are not trading and staying away, waiting for the right level.
From the many posts, it seems people are looking for lower prices which can inadvertently push the price up, making it bullish. It happens often.
My previous post also captures this as per link below.
> Also note BTC shorts (are remaining low) compared to the rest of the year.
Please give us a thumbs up for a like or agreement
Cheers,
S.Sari \ CryptoProspa
BTC Shorts, Daily chart. Shorts still remaining low
BTC Longs, Daily chart.
BTC 4 HRLY chart, today's post
> On the 4 HRLY chart, we can see another Bullish Div. coming into play, much like BTC\USD also forming a bullish div. (link below)
> As you can see on this chart, the history of recent reversal due to bullish divergences.
My Thoughts:
This is good to see as it lines up with BTC price chart, with a downward bullish wedge in the making.
With the BTC shorts remaining low, implies either people are holding onto their BTC (not selling) and going long or they are not trading and staying away, waiting for the right level.
From the many posts, it seems people are looking for lower prices which can inadvertently push the price up, making it bullish. It happens often.
My previous post also captures this as per link below.
> Also note BTC shorts (are remaining low) compared to the rest of the year.
Please give us a thumbs up for a like or agreement
Cheers,
S.Sari \ CryptoProspa
BTC Shorts, Daily chart. Shorts still remaining low
BTC Longs, Daily chart.
BTC 4 HRLY chart, today's post
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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