BTC Dominance Update by Cryptorphic
🚨 Crossover Alert 🚨
Looking at the current BTC Dominance chart, we can see that the 21 WMA (Blue) and the 50 WMA (Red) are moving almost parallel to each other. A key moment to watch for is when the 21 WMA crosses below the 50 WMA. This will be a strong confirmation of a potential trend reversal.
🔴 Historical Context:
- The previous crossover led to a significant drop in BTC dominance, triggering altcoins to rally.
- The current market structure shows BTC dominance at a crucial resistance level. We are looking for a possible rejection at this level, which could signal an entry point for altcoins.
📈 Price Action:
- BTC Dominance is currently testing the upper boundary of the rising channel.
- A rejection around 64.25% to 65.66% is expected, and the best entry for altcoins would likely come on that rejection.
🚀 Next Move:
Keep an eye on the crossover between the 21 WMA and 50 WMA for confirmation. A downward crossover will likely signify the start of a broader altcoin rally.
If you like this update, please support it with your likes and share your feedback/requests in the comments section.
Thank you
#PEACE
🚨 Crossover Alert 🚨
Looking at the current BTC Dominance chart, we can see that the 21 WMA (Blue) and the 50 WMA (Red) are moving almost parallel to each other. A key moment to watch for is when the 21 WMA crosses below the 50 WMA. This will be a strong confirmation of a potential trend reversal.
🔴 Historical Context:
- The previous crossover led to a significant drop in BTC dominance, triggering altcoins to rally.
- The current market structure shows BTC dominance at a crucial resistance level. We are looking for a possible rejection at this level, which could signal an entry point for altcoins.
📈 Price Action:
- BTC Dominance is currently testing the upper boundary of the rising channel.
- A rejection around 64.25% to 65.66% is expected, and the best entry for altcoins would likely come on that rejection.
🚀 Next Move:
Keep an eye on the crossover between the 21 WMA and 50 WMA for confirmation. A downward crossover will likely signify the start of a broader altcoin rally.
If you like this update, please support it with your likes and share your feedback/requests in the comments section.
Thank you
#PEACE
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Weex $2000: bit.ly/Weex2026
ELITES: bit.ly/Join_elite
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Daily Signals:- telegram.me/thecryptorphic
My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
ELITES: bit.ly/Join_elite
My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
ELITES: bit.ly/Join_elite
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.