BTC Dominance (TA). (Prj.2019.P01).BTC consolidating
Observations:
On the weekly chart, we see a regular Bearish Divergence
On the daily chart, we see a pullback to the 20 (and up) or to be 50 EMA.
BTC dominance trend is still bullish, the main trend and hence go with the trend
Confluence with ALT coins recently either maintaining its range and in some cases breaking out of its downward wedge Macro formations.
Conclusion:
20 or 50 EMA bounce level or main FIB. Levels as per chart indications.
Weekly Chart:
On the weekly chart, we see a regular Bearish Divergence
On the daily chart, we see a pullback to the 20 (and up) or to be 50 EMA.
BTC dominance trend is still bullish, the main trend and hence go with the trend
Confluence with ALT coins recently either maintaining its range and in some cases breaking out of its downward wedge Macro formations.
Conclusion:
20 or 50 EMA bounce level or main FIB. Levels as per chart indications.
Weekly Chart:
Nota
Bullish Div. on the 1 Hrly chart. Flip to BTC from ALTs.
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.