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BTC.D D2: Compression / BTC will be locked in range (SL/TP)(NEW)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
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BTC.D D2: Compression / BTC will be locked in range (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: BTC .D daily chart review
::: noteworthy compression in progress
::: limited upside so don't expect miracles
::: do your own due dill / always
::: BTC will likely remain locked inside range
::: until July/August 2022
::: until we can get a clean breakout
::: BTC should trade sideways / stay in range
::: no direct impact on ALT COINS - alt coins will
::: be impacted by the ETHUSD price action
::: BTC .D set to flip flop between 43%-38% dominance range
::: be on the lookout for the breakout later end of summer
::: until then most likely: SHORT SELL in May and go away
::: I don't see any scope for a BULL RUN in CRYPTO SPACE
::: based on dominance chart
::: BTC BULLS should stay out / wait for the bottom
::: BEARS can short sell rallies/rips in BTC
::: bull run is over for now / consolidation
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE/BEARS
::: Sentiment short-term: RANGE

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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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