Bitcoin Dominance Idea Update
As per my previous idea, BTC went in to the central support area, which was expected to then offer weak support, and fell through. It wasn't strong support, so the precipitous drop has occurred exactly as predicted.
The nearest support is down around 39, so alts may suffer if we get a bounce around there this week or next.
At the very least, we should get some slow down of the freefall.
The increasing volume toward the bottom usually indicates buying, but since this isn't really traded, I'm not sure what significance it has. It will be interesting to see.
The nearest support is down around 39, so alts may suffer if we get a bounce around there this week or next.
At the very least, we should get some slow down of the freefall.
The increasing volume toward the bottom usually indicates buying, but since this isn't really traded, I'm not sure what significance it has. It will be interesting to see.
Note
Looking for a monthly close at this monthly support, which I missed before 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.