Here is the Bitcoin Dominance (BTC.D) chart, it has been going on a massive run.
Now, resistance is being faced at the 1.618 Fib. extension level.
We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.
GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).
RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).
There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.
This is not set in stone though as this chart remains 100% bullish.
Trade at your own risk.
Thanks a lot for reading.
Namaste.
Now, resistance is being faced at the 1.618 Fib. extension level.
We have parabolic growth which is marked here with a blue arrow... This one is hard to sustain.
GREEN = Higher Bitcoin (Altcoins grow slow, consolidate, or correct).
RED = Bitcoin retraces (Altcoins BOOM! High Up, More Up, Higher Up!).
There is a good chance that Bitcoin will take a break and allow for the rest of the market to breathe.
BTC.D is likely to go lower.
This is not set in stone though as this chart remains 100% bullish.
Trade at your own risk.
Thanks a lot for reading.
Namaste.
Comment:
It is going red my friends... It is time for the altcoins to shine.
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🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
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Bearish divergence with the MACD and RSI.