Bitcoin Dominance

6 févr. 2021

Hello.

Bitcoin Dominance on a support..
Bitcoin is looking pretty good and just trying to break out from an nice higher lows trading pattern. (added picture)

Many alts are looking really good too. Link, Eth, Grt.. (ATHs)

Curious to see how we keep moving from here, cause I feel like I don't have a clue ;)

3 scenarios which I see possible:
-Bitcoin takes more dominance and alts get weaker against btc
-Alts keep going up as bitcoin stays chill. I don't think Btc will stay chill
-Bitcoin and some alts gets stronger together.. Link, Eth, etc..

Right now markets actually see really really strong. I am little scared because of that.. But maybe it is just that there is ALOT of new money flowing in which actually I do think is the case.
How long this will last. Nobody knows..



If you are not holding for long term, or are trading use stop loss.
Otherwise you will get your ass burned!


Take care!


-Jebu

6 févr. 2021

Note

Here we have bitcoin chart on 4Hr

Here we can see the trend line where we did close on top on daily candle.
We had already broke it onse but it did take 5 tries after that to break it again like we can see. (Red circles)