BTC.D Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline.
BTC.D can reach Bollinger-midline then starts its downward trend.
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ノート
After closing below the 3D-bollinger midline. A bearish scenario can begin.🐱👤✍
ノート
Due to Bitcoin's dominance trend, the previous scenario failed.🐱👤✍ In the current situation, Dominance is engaged with the Hunt level and is likely to return to its base support. If Dominance falls below the support of Dominance, it can follow the downward path of the previous scenario. In case of support at the mentioned level, the possibility of Dominance returning to the red zone increases.