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
Daily Signals:- telegram.me/thecryptorphic
My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
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My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
ELITES: bit.ly/Join_elite
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.