Ox_panda

btc marketcap doing a bulltrap

Short
Ox_panda Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
btc.d is testing dangerous levels deciding life & death alts. it looks like a bull trap. a clear rejection in htf is needed to continue its downtrend. breaking through 71 & 72 Rs destroys alt setups for atleast in short term. hope it gets rejected.
if you believe its going to rejected now may be ideal time to enter alts other wise caution advised. be safe
Comment:
looks like want to try another climb. interesting
Comment:
looks we r for a double top & divergance. hope it is the top for now
Comment:
retrace atleast in ltf. watch how it plays out
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.