Bitcoin after dump have flat zone and next targets for GROW
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Bitcoin after dump have flat zone and next targets for GROW
Hello everyone. Bitcoin has reached $7300- $7500.
What about next targets for Bitcoin?
In the current situation, I expect bitcoin lateral movement in the range of $7100-$ 7700 = about 1-2 weeks. As you know, when Bitcoin is standing or in flat, usually in such a situation, the Bitcoin dominance index decreases and altcoins grow in relation to Bitcoin.
On the daily chart of Bitcoin, a death cross is formed (the intersection of 50 and 200 moving average) = it is considered a bearish figure and more than once we saw how at this intersection = the market grew sharply or made a major correction, for example, Ethereum showed itself after the decline and formation of the figure after that tested the zone of intersection of the cross of death after 3 weeks.
About according to Bitcoin, according to limit orders and infusions of volumes for purchase = I come to the conclusion that first a lateral movement is expected which may take 1-2 weeks, then we will go to test $8400.00 and possibly the intersection of the death cross in the region of $9000.00
What happens on the Bitcoin dominance index?
He is slowly decreasing and you and I looked at a similar situation on the monthly chart as it was in January 2016. I look forward to a further decline and rapid growth of altcoins in the next 2 months to the pairs of bitcoin.
Current mark = 67.95%
I expect to reach mark = 54.00%
BTC Dominance (Jan 2016) = Monthly Chart
BTC Dominance (Current = Monthly Chart)
More information is available only on the telegram channel and in the prime group.
Hello everyone. Bitcoin has reached $7300- $7500.
What about next targets for Bitcoin?
In the current situation, I expect bitcoin lateral movement in the range of $7100-$ 7700 = about 1-2 weeks. As you know, when Bitcoin is standing or in flat, usually in such a situation, the Bitcoin dominance index decreases and altcoins grow in relation to Bitcoin.
On the daily chart of Bitcoin, a death cross is formed (the intersection of 50 and 200 moving average) = it is considered a bearish figure and more than once we saw how at this intersection = the market grew sharply or made a major correction, for example, Ethereum showed itself after the decline and formation of the figure after that tested the zone of intersection of the cross of death after 3 weeks.
About according to Bitcoin, according to limit orders and infusions of volumes for purchase = I come to the conclusion that first a lateral movement is expected which may take 1-2 weeks, then we will go to test $8400.00 and possibly the intersection of the death cross in the region of $9000.00
What happens on the Bitcoin dominance index?
He is slowly decreasing and you and I looked at a similar situation on the monthly chart as it was in January 2016. I look forward to a further decline and rapid growth of altcoins in the next 2 months to the pairs of bitcoin.
Current mark = 67.95%
I expect to reach mark = 54.00%
BTC Dominance (Jan 2016) = Monthly Chart
BTC Dominance (Current = Monthly Chart)
More information is available only on the telegram channel and in the prime group.
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$8400 Target Reached
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