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.

Comment:

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

Comment:

as BTC is recovering the dominance correcting

Comment:

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.

Comment:

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.

Comment:

the struggle between EMA 50 and 200 continues

let's see which one will win this fight

Comment:

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

Comment:

it could be a simple pullback, not sure .

if breaks the white line will fall to the red one

Comment:

reacted to the white line but still continue

Trade closed: target reached:

the first target fulfilled

The second will be soon.

we will have a restacement then

Comment:

dominance update will continue in another idea