💎Technical Analysis Summary💎
BTC.Dominance
-Bitcoin Dominance chart is rejected by the 50D MA last May 23rd
-As of now, the price level keeps decreasing, and respecting this channel
-This descending channel is technically bullish
-If the price level breaks to the upside, the Altcoin space may suffer
-Currently, It is facing rejection at 0.5 Fib and trendline resistance
-There is a potential retest of the previous swing low at 39.6 level
-If we will see a strong bounce from that support level
-Be cautious about your altcoin positions especially if using leverage
-But if the swing low of support failed
-Expect a good run for the altcoins in the coming weeks
-For now, everyone is waiting for a good market direction
-Bitcoin on the other hand still consolidating around 37k dollars
-I'm expecting BTC to move sideways in the coming days
-With a potential 5%-10% volatility movement
-So please manage your risk and don't over leverage
-Weekend is coming, stay healthy and safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
BTC.Dominance
-Bitcoin Dominance chart is rejected by the 50D MA last May 23rd
-As of now, the price level keeps decreasing, and respecting this channel
-This descending channel is technically bullish
-If the price level breaks to the upside, the Altcoin space may suffer
-Currently, It is facing rejection at 0.5 Fib and trendline resistance
-There is a potential retest of the previous swing low at 39.6 level
-If we will see a strong bounce from that support level
-Be cautious about your altcoin positions especially if using leverage
-But if the swing low of support failed
-Expect a good run for the altcoins in the coming weeks
-For now, everyone is waiting for a good market direction
-Bitcoin on the other hand still consolidating around 37k dollars
-I'm expecting BTC to move sideways in the coming days
-With a potential 5%-10% volatility movement
-So please manage your risk and don't over leverage
-Weekend is coming, stay healthy and safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.