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UltimateCryptoTrader

Bitcoin daily 07/10/2021

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
UltimateCryptoTrader Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Fundamental Analysis Bitcoin (Cryptocurrency) priceaction
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trendanalysis chartpattern fundamental bitcoin priceaction
Bitcoin

Bitcoin closed daily above 52 700USD.

Now we have new support level on this level - 53-52k.

Probably price will stay in the area between 52-59k for few days.

Bitcoin dominance - still growing. When stops grow, then is good time to entry to alts, bcs they will follow BTC.
Comment:
Bitcoin on 1H chart

bitcoin is in the correction after nice leg up. It is important to break bearish resistance trendline and then bitcoin could continue.

Bitcoin dominance is going a little bit down, so it's time to get some profit on alts.

snapshot
Comment:
Bitcoin update - currently trading on 57 300USD

Due of growing bitcoin dominance alts go down.
For recovery alts it's important sideways range on btc.

Bcs of bitcoin dominance grow, are alts very sensitive.
Comment:
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