BTC.D

As long as the dominance fluctuates in the bullish channel we are in an uptrend on dominance.it could cause some retracement in BTC price tho.

Kommentera:

we had a pulse in dominance which cause a correction in BTC price.

BTC is recovering so there is the possibility for Dominance to make another downtrend pattern in small time frames

Kommentera:

as BTC is recovering the dominance correcting

Kommentera:

something we have to consider :

as I see we have 2 channels involve in the BTC.D these days.
1- bullish purple
2- static yellow

as I see we have 2 good support and 2 good resistance for Dominance to react on them if It reaches each of them.

Kommentera:

another important thing is we are in a triangle, which means breaking out from each side COULD cause a sharp movement to the target area

in which scenario the BTC price will heavily affect.

and that will be the real BULL/BEAR market for a couple of months.

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the struggle between EMA 50 and 200 continues

let's see which one will win this fight

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going up from this stage is kinda messy. need a little rest to continue,

however its kinda tricky not to say we didn't saw the expanding triangle

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it could be a simple pullback, not sure .

if breaks the white line will fall to the red one

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reacted to the white line but still continue

Trade stängt: målet nått:

the first target fulfilled

The second will be soon.

we will have a restacement then

Kommentera:

dominance update will continue in another idea