Hello everyone, I invite you to check the situation of BTC's capital domination over the rest of the market. We will start by identifying the downtrend channel where we can see that the chart is moving.
Looking at the current growth, it is worth spreading the trend based fib extension grid, thanks to which we can determine significant resistance at the level of 53%, and further significant resistance at the level of 54.47%.
It is worth looking at the EMA Cross 10 and 30 indicator here, because you can see on the chart how the red line 10 is approaching the intersection of the green line 30 from below, which may give an impulse for another increase and taking capital from the market.
Looking the other way, we can designate supports in a similar way. And here you can see how strong support at the level of 51% maintained the decline, but it is still worth keeping in mind the level of 50.19%.
When we look at the RSI indicator, we will see that we are staying below the downward trend line, with some room left. However, the STOCH indicator remains above the upper limit, which should lead to a change in the trend and the transfer of capital to the rest of the market.
Looking at the current growth, it is worth spreading the trend based fib extension grid, thanks to which we can determine significant resistance at the level of 53%, and further significant resistance at the level of 54.47%.
It is worth looking at the EMA Cross 10 and 30 indicator here, because you can see on the chart how the red line 10 is approaching the intersection of the green line 30 from below, which may give an impulse for another increase and taking capital from the market.
Looking the other way, we can designate supports in a similar way. And here you can see how strong support at the level of 51% maintained the decline, but it is still worth keeping in mind the level of 50.19%.
When we look at the RSI indicator, we will see that we are staying below the downward trend line, with some room left. However, the STOCH indicator remains above the upper limit, which should lead to a change in the trend and the transfer of capital to the rest of the market.