BTC.D - 1D - Resistance Rejection. What next?
Not a financial advisor.
In the last days, we saw a rejection at Resistance and a Gap Fill.
BTC.D can go a bit sideways in the next days as there is some horizontal support (Blue support),
nevertheless, I am expecting (IMO) a drop into Support lines 3 and/or 4.
This represents a further drop between 10-15% on the Dominance.
A move above BTC.D resistance would invalidate this idea! (do your own risk analysis :))
In the last days, we saw a rejection at Resistance and a Gap Fill.
BTC.D can go a bit sideways in the next days as there is some horizontal support (Blue support),
nevertheless, I am expecting (IMO) a drop into Support lines 3 and/or 4.
This represents a further drop between 10-15% on the Dominance.
A move above BTC.D resistance would invalidate this idea! (do your own risk analysis :))
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Yesterday's candle was impressive:
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Alt Time......Zooming in:
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well ... it seems that I was 100% wrong.
BTC.D breaking out.
BTC.D breaking out.
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Waiting for daily close confirmation.
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Amazing!!
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At support....
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But RSI has broken...therefore I am expecting a further drop.
I am still looking for a drop on the BTC.D.
But at the moment RSI and Stoch RSI are confirming one last pump.