BTC Dominance try to break it Downtrend, what coming next?
Technical Analysis:
BTC Dominance
Seems to be on some resistance here, just as BTC is nearing the top of the range its been in for just over a month.
I’ll be watching this play out, if we see BTC.d break this res its likely because BTC has broken out of the range highs. However, be weary because a volatile move up for BTC could be followed by a volatile move down… at least i expect a scenario such as that to be max pain for most participants.
If we see BTC.d reject here, its likely representative of a relatively sideways moving BTC and we see some relief on alts that should make for some nice breakout set ups that we can look for and trade.
Either way, a key level I will be watching for a reaction on.
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#bitcoin #crypto #nextmove #btcdominance #sideways #btcusdt #dailyclosed #stophunt
BTC Dominance
Seems to be on some resistance here, just as BTC is nearing the top of the range its been in for just over a month.
I’ll be watching this play out, if we see BTC.d break this res its likely because BTC has broken out of the range highs. However, be weary because a volatile move up for BTC could be followed by a volatile move down… at least i expect a scenario such as that to be max pain for most participants.
If we see BTC.d reject here, its likely representative of a relatively sideways moving BTC and we see some relief on alts that should make for some nice breakout set ups that we can look for and trade.
Either way, a key level I will be watching for a reaction on.
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #btcdominance #sideways #btcusdt #dailyclosed #stophunt
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