Bitcoin charts you need to see almost no one's watching;)...
republished this idea, some of my updates were banned due to violation of tradinview house rules, but i really appreciate support from you guys, thankyou:)
hey guys, when everyone is busy in solving Bitcoin price puzzles, some of other charts you also need to see which affects directly to the crypto market
here above you see that Bitcoin dominance is falling rapidly and just broke the support level of 69.5%, whereas prices still remained stable and even showed small growth in past few hours.
most likely the next level of support could be 68.94% which we could hit in next few hours.
however this is not so alarming situation for Bitcoin bulls but definitely this will create a lack of volume .
so probably it could get more harder for bulls to keep pushing the prices, and this will result a more choppy market and continuation of sideways movement.
so no matter you're long or short, breaking higher levels looks tough for both bulls and bears.
meanwhile RSI has indicated a higher high formation with dominance making lower highs which is a sign of lack in momentum and bearish divergence
so i wont be surprise if Bitcoin Dominance falls upto fib236 or 67.75% level
this also makes some really good news for altcoin holders, cuz if Bitcoin dominance is falling this means alts Mcap is rising, and that's exactly happening now
have a look at this chart, altcoins mcap has beautifully hold fib618 level (green box) around 62 bill and almost made two daily bullish closes above fib5 72.7 bill
most likely alts mcap could hit the daily 200 SMA and fib382 level around 85 bill in coming days
so better you think twice before selling your alts bag and moving in Bitcoin , this small increase in alts mcap could easily double your shitcoin;)
that's all for now guys, do like and follow and keep supporting us so we keep bringing awesome new ideas for you.
this is husain zabir signing out
thankyou;)
hey guys, when everyone is busy in solving Bitcoin price puzzles, some of other charts you also need to see which affects directly to the crypto market
here above you see that Bitcoin dominance is falling rapidly and just broke the support level of 69.5%, whereas prices still remained stable and even showed small growth in past few hours.
most likely the next level of support could be 68.94% which we could hit in next few hours.
however this is not so alarming situation for Bitcoin bulls but definitely this will create a lack of volume .
so probably it could get more harder for bulls to keep pushing the prices, and this will result a more choppy market and continuation of sideways movement.
so no matter you're long or short, breaking higher levels looks tough for both bulls and bears.
meanwhile RSI has indicated a higher high formation with dominance making lower highs which is a sign of lack in momentum and bearish divergence
so i wont be surprise if Bitcoin Dominance falls upto fib236 or 67.75% level
this also makes some really good news for altcoin holders, cuz if Bitcoin dominance is falling this means alts Mcap is rising, and that's exactly happening now
most likely alts mcap could hit the daily 200 SMA and fib382 level around 85 bill in coming days
so better you think twice before selling your alts bag and moving in Bitcoin , this small increase in alts mcap could easily double your shitcoin;)
that's all for now guys, do like and follow and keep supporting us so we keep bringing awesome new ideas for you.
this is husain zabir signing out
thankyou;)
