zakoraio

BTC Dominance still in Wyckoff Buildup

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
This is an update to the BTC.D Wyckoff Accumulation chart I posted a few weeks ago (Link below). We hit the breakout resistance and rejected hard, but now finding support at AR top zone. If the market sees reversal in coming weeks its possible, we continue to build up even if BTC will be going down as Money from alts will leave faster to BTC hence keeping BTC.D afloat in buildup zone. In case we see failure of the buildup and break below the AR zone I am expecting it to find support at the 50% retracement, which was also prior resistance for BTC.D.

Note: The Analysis of BTC.D is useful in timing when to invest money in Alts and when in BTC for maximizing gains.

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.