October affects on BTC dominance !

1 באוק׳ 2020

BTC.D
Hello everyone.
As we can see :
- Spike on October 2019-2018-2017
- Spike on new entries on BTC ( 7D moving average )
- Gap at ( 65.8% - 65.1% )
- Descending channel
- Pullback from support line
- Upward support line in RSI

We cant recognize dominance moving with technical analysis its something like fillings or fundamental analysis !
But we used most of them on this chart, we will have another spike on dominance because its October and October had spike on last 3 years.
Also we have a spike on new entries and it cause some upward movements on BTC.

But we had some failed broke from support line !
If dominance lead under it then we will continue our downward trip to next support line on into descending channel !

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades