The BTC Market Cap Dominance (BTC.D) has made an emphatic rejection at the top (Lower Highs trend-line) of the 8-year Triangle and if it closes the 1M candle of August below the 1W MA50 (red trend-line), it will largely confirm the new Bearish Leg.
With the 1M LMACD about to complete its first Bearish Cross in more than 4 years, it is more probable to see this strong and lengthy downtrend target the bottom (Higher Lows trend-line) of the Triangle near the 0.1 Fibonacci level, similar to the previous one.
The Target is 43.00%.
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With the 1M LMACD about to complete its first Bearish Cross in more than 4 years, it is more probable to see this strong and lengthy downtrend target the bottom (Higher Lows trend-line) of the Triangle near the 0.1 Fibonacci level, similar to the previous one.
The Target is 43.00%.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.