trieutv

BTC and BTC DOM, Reversal or Continue?

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Hi traders,

This is my POV about BTCUSD

On weekly TF, BTC's trading around 30150 now.

You can see BTCDOM's over ATH 2021 and 2022, now it's nearly 52%.

I see some good signals
- RSI Overbought, not divergence
- MACD > 0, going up
- ADX > 40, strong strength.
- Price's a big green candle, it shows buyer pressure.

BTC on 4H TF

It's in Triangle Pattern.

My opinion is Bitcoin will breakout and go up to $38,000 - 39,000. That range has a lot of touching in the past.

Wait and see the market react

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