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Btc chart tradingviewBitcoin Dominance Index Chart — TradingView
Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle..
Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle.
Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective. Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance It was developed by our experts for intraday trading purposes. What does this BTC dominance can touch 64 or 66 once again. As per the head and shoulder pattern. Its it Goes As Planned Then soon huge alts season will come as per nov.
If you are already invested stay put be vary of alts they might go down if BTC breaks out. BTC Dominance is holding the levels. Stick with the breakdown, If it stays flat then we can't see big run in alts. Gap down may fill the gap above so it can be turned into Bull trap as well.
D Index Chart. Videos only. Bitcoin dominance test the previous trend line. A triangle to watch out. D breakout?? D Time To go for the alts season.