This is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years.
With Altcoins becoming more and more popular, this is resulting in bitcoin demand slowly weakening.
PLUS on the technical side of things, it has respected my zone rather well and isn't showing any TRUE signs of continuation.
With Altcoins becoming more and more popular, this is resulting in bitcoin demand slowly weakening.
PLUS on the technical side of things, it has respected my zone rather well and isn't showing any TRUE signs of continuation.