BTC.D
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
BTC Dominance – Update & Outlook
Summary:
After the channel breakdown, BTC.D dropped to the 57% area. Price action now appears to be carving a smaller parallel structure within the prior trend and is shaping into a bearish flag.
Key Zones (red boxes on chart):
These are overhead supply/resistance. A rejection from these zones would keep the bearish-flag thesis intact.
Scenario:
If rejection confirms, BTC dominance could follow the white path toward the green trendline, targeting the 49–50% area. This is a medium-to-long term view and needs time and patience.
Notes:
This is my personal market analysis, not financial advice. Always DYOR and manage risk.
source https://www.tradingview.com/chart/BTC.D/7g9rTxgI-BTC-D/
No comments:
Post a Comment