Bitcoin Dominance BIT.D Technical Analysis 9 May 2021

Bitcoin Dominance BIT.D Technical Analysis 9 May 2021

By Mandrakata | On The Edge | 9 May 2021


Technical Analysis

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https://www.tradingview.com/x/9I6udWak/

Bitcoin Dominance at a two years Low. As best metric to gauge the relative strength of altcoins at any point in time, the Bitcoin Dominance rate is expected to resume its descent towards the support levels at 43.5% and potentially could fall to 35.4%.

Speaking of cycles and phases, the following diagram makes sense:

 

👁️ Don't you know the meaning of BTC Dominance or Altcoins Season?  Take a look here.

 

💱 Do you use BTC.D and Altseason cycles in your analysis? Give me your feedback in the comments, thanks.

 

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.  I will never promote anything I don't truly believe in.


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Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


On The Edge
On The Edge

Trading outside your comfort zone. My technical analysis Ideas and Trading journal.

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