Bitcoin Dominance (BTC.D) | GREEN vs RED

27 thg 12, 2020

Here is the Bitcoin Dominance (BTC.D) chart, it has been going on a massive run.

Now, resistance is being faced at the 1.618 Fib. extension level.

We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.

GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).

RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).

There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.

This is not set in stone though as this chart remains 100% bullish.

Trade at your own risk.

Thanks a lot for reading.

Namaste.

27 thg 12, 2020

Ghi chú

Closing below EMA10 4H timeframe.
Bearish divergence with the MACD and RSI.

28 thg 12, 2020

Ghi chú

It is going red my friends... It is time for the altcoins to shine.