I don’t believe we will get a breakout above to 2k+ just yet. With China New Year ahead , DXY gains are beginning to lose momentum at the top of the trend line. MACD , RSI all show over extended and need to retrace short term. If we stay in this triangle we may likely retest support around 1350.. However a move lower out of this triangle below could hitting lower support levels. I’d look at 1100 as equilibrium. On the weekly and daily MA 21 is in order for a pullback too..
BTC is in a gigantic triangle and has major VPVR support at 29k. Dominance is falling sharply in favor of alts , so we could stay in that triangle and pump alts...
When DXY pumps BTC dumps....
BTC is in a gigantic triangle and has major VPVR support at 29k. Dominance is falling sharply in favor of alts , so we could stay in that triangle and pump alts...
When DXY pumps BTC dumps....
Trade active:
Fib support is 1425 retracement and $1330.. I'll be buying at these levels while waiting for further confirmation to the upside.
Fib golden pocket on BTC is 37500 and above.. We were rejected heavily here last time to 14% correction around 32k main support.
Fib golden pocket on BTC is 37500 and above.. We were rejected heavily here last time to 14% correction around 32k main support.