The BTC Market Cap Dominance (BTC.D) has made an emphatic rejection at the top (Lower Highs trend-line) of the 8-year Triangle and if it closes the 1M candle of August below the 1W MA50 (red trend-line), it will largely confirm the new Bearish Leg.
With the 1M LMACD about to complete its first Bearish Cross in more than 4 years, it is more probable to see this strong and lengthy downtrend target the bottom (Higher Lows trend-line) of the Triangle near the 0.1 Fibonacci level, similar to the previous one.
The Target is 43.00%.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
With the 1M LMACD about to complete its first Bearish Cross in more than 4 years, it is more probable to see this strong and lengthy downtrend target the bottom (Higher Lows trend-line) of the Triangle near the 0.1 Fibonacci level, similar to the previous one.
The Target is 43.00%.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
For Crypto trading I use WhiteBIT: low fees, deep liquidity & advanced futures 👉 tradingshot.short.gy/WhiteBitTrade
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
For Crypto trading I use WhiteBIT: low fees, deep liquidity & advanced futures 👉 tradingshot.short.gy/WhiteBitTrade
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
For Forex trading I use TradeNation: fixed spreads & zero commissions 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.