👽 Bitcoin Dominance or something else?

7 Mar 2021

After the last couple of posts, I have received all sorts of questions and requests. I thought it might be interesting for "especially the crypto traders" to ask the question, gather your opinion on so on...

🌟What do you make of crypto?
🌌As a whole?

👑Bitcoin's dominance?
🎰Other assets?
🎱Other crypto projects?

Here's a couple of snapshots -


This shows bitcoin Stochastic levels on a monthly timeframe.

Similar stochastic levels on a weekly.


This image show the current COT (commitment of traders) sentiment over the last couple of weeks (why we are struggling to go beyond the 50k region maybe?)


Bitcoins - Regression channel on higher timeframes


The last image show the other coins - excluding Bitcoin - it's current local order blocks and regression trend.


I would love to get your opinion, Ideas, thoughts on the situation. Pro or anti crypto - pro Bitcoin or have an amazing project in the crypto space...

Let's see what feedback brings.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

8 Mar 2021

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