Bitcoin Dominance Update

in LeoFinance3 days ago

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As expected that the Bearish Flag on the 4hour time frame works out well according to the Pattern.

Bitcoin Dominance Formed out the Double Bottom on the 4hour time frame where it broke out the Neckline of the Pattern and got pumped after it, all the EMAs acting as a resistance right now also Volume Profile shows the good volume.

This means we could see a short term continuation for this bounce, which would mainly take BTC to new short term highs, while alts wait for their turn.

Chart source: TradingView

Posted Using LeoFinance Beta