BTC.D D2: Dominance will MAX OUT at 50% (SL/TP)(NEW)

1 450
Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

BTC.D D2: Dominance will MAX OUT at 50% (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: BTC .D daily chart review
::: noteworthy compression / broke down
::: expect BTC.D to re-test 50% level
::: do your own due dill / always
::: until then ALT COINS will BLEED
::: until July/August 2022
::: not a great setup for ALT COIN TRADERS
::: BTC should trade sideways / stay in range
::: expect ETH and other ALTS to BLEED
::: until we re-test 50% dominance level
::: BTC .D set to flip flop between 50%-40% dominance range
::: be on the lookout for the breakout later end of summer
::: until then most likely: SHORT SELL in May and go away
::: I don't see any scope for a BULL RUN in CRYPTO SPACE
::: based on dominance chart
::: BTC BULLS should stay out / wait for the bottom
::: BEARS can short sell rallies/rips in BTC
::: bull run is over for now / consolidation
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE/BEARS/CORRECTION
::: Sentiment short-term: DEAD CAT BOUNCE / 50%

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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.