Bitcoin dominance
Hello to everybody!!
I hope you are in a long positions :)
Everybody was so bearish, so this time is always good choice to be bullish. Move up we predicted in the last analysis. Our target for bitcoin is around 53k and then we will see.
Bitcoin dominance - this ''indicator'' show us who takes control in the market. If bitcoin dominance grow, then bitcoin is the main one.
Currently we had nice bounce from support zone. In the chart you can see impulsive leg up - black one and correction - red channel. Also the value made higher low.
In this situation will bitcoin grow and pairs with USD also. Pairs with BTC will go down.
I am monitorig areas 42 and 44. There is fibo retracement and I am waiting for reaction there.
If bitcoin dominance goes up, then we will nice long oportunity on bitcoin.
I wish you happy trading and lovely X-mass holidays :)
I hope you are in a long positions :)
Everybody was so bearish, so this time is always good choice to be bullish. Move up we predicted in the last analysis. Our target for bitcoin is around 53k and then we will see.
Bitcoin dominance - this ''indicator'' show us who takes control in the market. If bitcoin dominance grow, then bitcoin is the main one.
Currently we had nice bounce from support zone. In the chart you can see impulsive leg up - black one and correction - red channel. Also the value made higher low.
In this situation will bitcoin grow and pairs with USD also. Pairs with BTC will go down.
I am monitorig areas 42 and 44. There is fibo retracement and I am waiting for reaction there.
If bitcoin dominance goes up, then we will nice long oportunity on bitcoin.
I wish you happy trading and lovely X-mass holidays :)
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