BTC POTENTIAL DUMP
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BTC DOMINANCE
Currently, we are moving in a ascending channel and we are at its top, facing resistance. If we drop down from here we can expect BTC to dump with it. After we rallied to the upside and reached most of our targets on BTC, we can expect a correction at least to retest broken support (52k).
However, this scenario that we are explaining with Bitcoin Dominance will make BTC drop further back to 40s. If we do so, our targets are:
52k
50k
47.5k
45k
BTC
On the Mid term in RED: BTC is currently in a big channel and could possibly go for its low (44k-45k).
On the Short term in Blue and Cyan: it is in an ascending channel that usually breaks to the downside.
I believe that we should see a drop before another all time high, I will become bullish when I see a weekly candle close above 60k.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
🔹
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
🔹
...................................................................................................................................................................................
BTC DOMINANCE
Currently, we are moving in a ascending channel and we are at its top, facing resistance. If we drop down from here we can expect BTC to dump with it. After we rallied to the upside and reached most of our targets on BTC, we can expect a correction at least to retest broken support (52k).
However, this scenario that we are explaining with Bitcoin Dominance will make BTC drop further back to 40s. If we do so, our targets are:
52k
50k
47.5k
45k
BTC
On the Mid term in RED: BTC is currently in a big channel and could possibly go for its low (44k-45k).
On the Short term in Blue and Cyan: it is in an ascending channel that usually breaks to the downside.
I believe that we should see a drop before another all time high, I will become bullish when I see a weekly candle close above 60k.
...................................................................................................................................................................................
🔹
What do you think?
Good luck traders,
🔹
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
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