its obvious that when bitcoin dominance rises altcoins dump and vice-versa .
in the chart , i gave 3 targets that would stop the btc.d rally .
target 1 is the weekly super trend resistance , target 2 coincide with the top of the channel and the macro mid-range of btc.d
target 3 coincides with super trend monthly resistance , ichimoku strong levels ,and sept-2020 and jun-2019 support .
conclusion : a maximum of 14% is all we have left for btc.d unless something big happen for btc (approval of big spot etf....etc)
the end/reversal of btc.d rally will give alts space to soar and rally .
this is not a financial advice
thank you
in the chart , i gave 3 targets that would stop the btc.d rally .
target 1 is the weekly super trend resistance , target 2 coincide with the top of the channel and the macro mid-range of btc.d
target 3 coincides with super trend monthly resistance , ichimoku strong levels ,and sept-2020 and jun-2019 support .
conclusion : a maximum of 14% is all we have left for btc.d unless something big happen for btc (approval of big spot etf....etc)
the end/reversal of btc.d rally will give alts space to soar and rally .
this is not a financial advice
thank you
Comment:
target 1 and 2 almost reached , waiting for target 3 now . be carful alts
Comment:
reversed from target 3 ! is it final or we will surge through it coming weeks ?
Comment:
target 3 kissed and reversed , a bounce of a reversal ? can not emphasis now !
Comment:
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