Dominance Bounce Up Coming ? Btc.d #bitcoindominance #bitcoin it

Here we see our daily Bitcoin Dominance chart .As you can see we broke red candles way below that regression channel ( the pink & blue box we were in ) and even broke below our green Ichimoku Cloud. We also hit a TD Sequential 9 in red ( those numbers you see under the candles ) and when we reach a red number 9 it usually means a reversal of trend is coming soon. Also we just touched down to our 200 MA ( dark blue line ! ) That's a strong support . And look at our rsi - it's down near 25 , so all indicators seem to say we will have some upside with Bitcoin. Does that mean it goes straight u ?NO ! Of course not ,This can take awhile and there can be many ups and downs along the way . And it's always possible this gets stopped at the top of the cloud near 68 but that will have to wait for further developments . Let's see what happens .

Commentaire:

We hit 66 and wicking up into the cloud ! The bounce up started though I don't know how long it will last since some of today's bounce may be because Elon Musk added Bitcoin to his Twitter bio !!

Commentaire:

Dominance wicking above 64 today! And again more news from Elon Musk buying over a billion dollars of Bitcoin seems to be the catalyst ! Expect crazy swings this whole year - in everything . Because it's Bullrun year . Alts may be having retraces but they are still making higher lows .