Bitcoin Chart Published By Philosof !
https://www.tradingview.com/u/Philosof/
Comment : Gave 8970 as 1st resistance and price stopped right there 👌 Precisely. Forecast stay the same. If 8700 won't bounce today, BTC will fall to lower support zones at 8300 - 8000 - 7550 to form right shoulder of inverted H&S bullish pattern. Another possible scenario is bounce from 8300 to ~9k and forming a right shoulder of normal bearish H&S pattern. But that scenario doesn't really confront the bigger one, so also possible. Whatever happens, direction is down.
Resistance: 8970 ✅ 9070 - 9260
Support: 7555 - 8000 - 8330
😱 Fear & Greed index: 40 (<= 39 <= 41 <= 44 <= 46 <= 46)
👑 BTC Dominance: 64.1% (<= 64.2 <= 64.5 <= 63.2 <= 62.8)
⚙️ 24h Volume: $151 billion (<= 198 <= 169 <= 156 <= 142)
First signs of bounce - whales buy shitcoins. But be careful, as they may be just averaging the price to sell on that swing up.
Ok guys, if BTC dominance fail to make higher high (which seem to be happening at 4H chart), its a good sign for alts). March may bring us some good trades .
#BTC #BTCdominance #AltsIndex #Altcoins #Dominance
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