BTC DOMINANCE Update (1D)
It seems that Bitcoin dominance may soon experience upward corrections, as it has broken through several support zones to the downside without any reaction and is now close to another support area. Usually, when the market maker pushes the price through multiple supports without a reaction, the price can retrace from a nearby support.
The price may soon move to complete wave G.
We have considered two different scenarios for the fluctuations of this index. However, note that this chart is a derivative chart, and the fluctuations may not follow the schematic exactly, but this analysis gives us a good view of the support and resistance zones and the probable path.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
source https://www.tradingview.com/chart/BTC.D/zUaeY7xm-BTC-DOMINANCE-Update-1D/
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