Due to BTC dominance increase, bouncing off the top of the channel and the bounce from the 20 MA, I lean Bearish.
SHORT TERM: Bearish - Possible Short
MID TERM: Bearish - Until Alt Dominance returns
LONG TERM: Bullish
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I am not an investment adviser, this is only for entertainment purposes. DO YOUR OWN HOMEWORK.
SHORT TERM: Bearish - Possible Short
MID TERM: Bearish - Until Alt Dominance returns
LONG TERM: Bullish
Thank you for stopping by, If you like my chart, Please LIKE, FOLLOW and SHARE. :)
I am not an investment adviser, this is only for entertainment purposes. DO YOUR OWN HOMEWORK.
Trade active
Please keep in mind, the bearish channel I drew in has Not been confirmed. In order for the channel to be confirmed, we need a lower low and a bottom line bounce upward of the channel.Trade closed: stop reached
This trade would have been stopped out.
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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.