JacobR905

KEY LEVEL FOR BTC DOMINANCE!!

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Keep a close eye on bitcoins dominance it has been slowly falling recently under the radar of most people, Im looking for the daily candle close tonight we could see some big volume potentially shooting us under the bottom FIB level for our close. If thats the case we could see a freefall to the 57% support due to the Bottom FIB being our last support until then. I also am looking at the Bollinger bands, the current candle is really hugging the bottom band and if we continue to due so we will see a big drop, last time we hugged the bottom band is shown to the left on the chart and we experienced a aprx. 6% drop in dominance. The MACD doesn't look very good we are seeing it starting to really point down and separating. The RSI is reaching the bottom of the neutral zone soon to be "oversold". Not financial advice just my opinion and something to watch for tonight and tomorrow!

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