Helical_Trades

October affects on BTC dominance !

Long
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
BTC.D
Hello everyone.
As we can see :
- Spike on October 2019-2018-2017
- Spike on new entries on BTC ( 7D moving average )
- Gap at ( 65.8% - 65.1% )
- Descending channel
- Pullback from support line
- Upward support line in RSI

We cant recognize dominance moving with technical analysis its something like fillings or fundamental analysis !
But we used most of them on this chart, we will have another spike on dominance because its October and October had spike on last 3 years.
Also we have a spike on new entries and it cause some upward movements on BTC.

But we had some failed broke from support line !
If dominance lead under it then we will continue our downward trip to next support line on into descending channel !

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades

🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
www.instagram.com/helical_trades/
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.