BTC Dominance (Prj.Y19.P2.E1).Ever so close to a reversal

25 Eki 2019

We can observe the following:
a) Falling Wedge
b) On the DAILY, a BULLISH DIV. (indicated on the RSI with the black line)
c) On the 4 HRLY, a BULLISH DIV. (indicated on the RSI with the black line)
d) Support line indicated by the RED Section.

Thoughts:
BTC might do a move on the upside and hence people are flipping back to BTC as you can note many ALTs have recently done a good increase against BTC, some reaching or going beyond a known resistance.


DAILY Chart





Previous post

26 Eki 2019

İşlem kapandı: hedefe ulaştı

Target almost reached
I would expect some pull back with BTC price (maybe 1/3 of 3K gains) while slower performing ALTs make their way up.

27 Eki 2019

Not

Target still in range