BTC Dominance; struggle to survive in long-term
BTC dominance rejected from a key zone. Continuation signs of this bearish trend in price action promise some deep targets. Could be very interesting for the Alts market.
But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia now and past decades. When you see some progress and inventions in short-terms, that means in long-term there would be important changes in businesses and those who are dominant in them. And changes in crypto business are very fast and significant.
I’ll post my own price action algorithmic analysis of this chart in the updates soon. That’s among the best predictor of the future moves I’ve ever seen.
But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia now and past decades. When you see some progress and inventions in short-terms, that means in long-term there would be important changes in businesses and those who are dominant in them. And changes in crypto business are very fast and significant.
I’ll post my own price action algorithmic analysis of this chart in the updates soon. That’s among the best predictor of the future moves I’ve ever seen.
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This is my own algo's vision of it. Almost lost a critical support and needs minor confirms to get out of this zone downward.
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Here we are
Reached first target
It's clear that losing 59-58 may lead to catastrophe and therefore next target ~50. Also 54 seems to be a heavy support.
Reached first target
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Waiting for bearish signals but bulls would be strong if it makes more HH.
