Bitcoin Dominance May Fall Down From 49%

in #hive-167922 • 2 years ago

Bitcoin Dominance is going up since the beginning of 2022. 49% may be the top of Dominance for the year 2022.

Here is weekly chart of Dominance and there is great down trend line. Now, Bitcoin Dominance is around 47% and I may go up 5% from this level and may hit the resistance..

Ekran Resmi 20220609 23.53.16.png

There is amazing Downtrend line in weekly RSI Indicator of Dominance chart. If Dominance go up 5%, RSI will hit resistance and may fall down...

Here is daily chart of Dominance and RSI Indicator is around overbought level. It may be end of bullish trend for shortterm...

Ekran Resmi 20220609 23.59.35.png

I believe that Dominance will not go up above 50%.. When Dominance goes up 48%, I will be ready for relief altcoin rally..

We will see..

#crypto #analysis #leofinance #proofofbrain #palnet #neoxian #cent #vyb #investing #bitcoin
2 years ago in #hive-167922 by
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     2 years ago 

    Hopefully we will sew what happens eventually,..the market is really difficult to predict

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         2 years ago 

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