Election Day Top Out ? BTC.D #btcd #bitcoin #dominance #crypto
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Will BTC.d rise by November 4th ?? Here we see the BTC.D chart which has been in this lower range for months now . I've been waiting for this chart to turnaround and head back up . For me when the rsi on the BTC.d chart hits 74 or higher on the 1 day chart then Btc is usually a sell ( to take profits ) and alts are usually going to be a buy at that time as well . Right now with rsi at 41 it's really a 'No Trade' zone for me . My favorite trades happen after we see this Dominance chart top out. When will that happen ? It's been months already . Well , there is Election Day in the US which is November 3rd this year . I expect Bitcoin will run back up by then - possibly to 14k - but really I expect our BTC.d chart will be bullish possibly going up to where that Blue Gift is on the chart - near 68 resistance . Will this be good news for us by early November ? I certainly hope so ! November 4th ?? Let's see !
Ghi chú
Great news as Dominance chart is looking up ! We have finally closed above the long downward trend regression band ( the pink and blue band ) and are sitting at 61.72 right now . I still think Dominance chart will see an Rsi rise to 75 or more by Election Day in the US which is Nov 3rd but who knows ! Maybe it happens even a bit sooner. Rsi right now is 59 .Ghi chú
Still looking good ! Our Rsi is now sitting at 65.33 and we are wicking up to the bottom of the Ichimoku Cloud . Will we go through it ? Let's see . There could be a bit of consolidation first but we still look good !Ghi chú
We're inside the Ichimoku cloud now and look good to go up and touch the 200 MA sitting above us around 62.80 on the chart - Btc is in a tight squeeze but I expect upside by Halloween .Ghi chú
Going great Btc.d at 61.74 now ! Poised to break up out of the Ichimoku cloud we are in . Bitcoin is surely to 13300 or above in near future . Looking great . Rsi above 72 ! Halloween Party still expected .Ghi chú
Bitcoin hit 12800 this morning ! Going great and Btc.d is now at 62.20 and very near the break out point of that Ichimoku cloud . Chart looks great .Ghi chú
Election Day is here ! And we look great sitting at 64.50 now having broken through the cloud and still possible to hit 65 or higher soon .
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