#TOTAL MARKETCAP! Breakout imminent? BULL MARKET NOT OVER YET?

25 февр. 2022 г.

Welcome to this extensive analysis on BTC Dominance.
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Explained in the most simplified manner.
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Now, let’s get to the chart.
The index is currently retesting the BLUE MA which is bullish in the short term for both btc and altcoins.
What's really important is a close above that back expanding channel.
Breakout and retest would confirm a new bullish rally throughout the market and possibly a new ATH in BTC. For that to happen it needs to close above the $1.92 trillion mark and retest it successfully.

CONCLUSION:- Mcap must break and close above the red resistance cluster and retest it successfully for a new bullish rally. The expanding channel is a bullish pattern all we need is a breakout and retest.

What do you thunk of this chart?
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Thank you

#PEACE

25 февр. 2022 г.

Заметка

The two blue circles can denote a double bottom formation in this chart.
Which is another bullish signal!