BTC DOMINANCE DOWN? LET US TAKE ADVANTAGE OF IT WITH THIS IDEA. BTC ANALYSIS AND INTRADAY LEVELS

BTC DOMINANCE DOWN? LET US TAKE ADVANTAGE OF IT WITH THIS IDEA. BTC ANALYSIS AND INTRADAY LEVELS

By trade60 | trade60 | 28 Aug 2021


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BTC dominance has been declining for several weeks and as I mentioned earlier, the Altcoin season may have started. If the downside continues, you could take advantage of this by trading ETH / BTC. If you have some BTC in your portfolio it might be an idea as well as diversifying with other altcoins. The daily chart looks well set, what do you think?

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Returning to Bitcoin, we see that on the daily chart it formed a minimum at 46250 almost on the 45959 Fibonacci retracement and then restart by downloading the oscillators a little. I believe that yesterday's close above 48000 can give an impetus in the next few days to test the resistance at 50500 and then break it to get to the 51500 area. As usual, I am attaching the levels for intraday trading.

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Happy trading everyone.

Chart from tradingview.com

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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Thanks for reading

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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