Bitcoin chart review
BTC CHART Published at WiseAnalyze #Tradingview
https://www.tradingview.com/u/WiseAnalyze/
Comment: Bitcoin bounced from 9356. This is 12H chart for a change. Last candle look bullish and has increase in volume, which gives an idea, that those who bought the dips will hold till proper chance to take profit higher from current level. Therefore main targets are nearest resistance zones at 9975-10100.
P.S. This is still an uptrend, so don't play risky with shorts. Just buy the dips.
Resistance: 9755 - 9970 - 10100 - 10240 - 10444
Support: 9600 - 9444 - 9222 - 8900 - 8700
#BTC/USD Weekly TA:
BTC CHART Published by ProAnalysis at #Tradingview
Weekly closed as we expected just above $9700. We are having some fluctuations now. But did you see that trendline? we closed above the resistance so far. I think we are 40% bullish now. It will be confirmed as soon as we hit and close above 10500. We can see some retracement to the 9300 area (likely) but after that the price must continue to hit the 10000 level again!
Bitcoin Dominance Update:
Bitcoin dominance is forming a bear pennant pattern which can break to the downside.
For this to happen a lot of liquidity has to be transferred from BTC to Altcoins. It seems likely if BTC goes for a correction.
But holding the support level will cause in further correction in Alts and a massive rally in bitcoin.
We need to watch this very cautiously.
This is the most important chart to see among all those Altcoin and bitcoin charts.
Fear & Greed index: 53 (<= 54 <= 54 <= 53)
BTC Dominance: 64.7% (<= 64,7 <= 64.7 <= 64.9)
24h Volume: $89 billion (<= 69 <= 80 <= 93)
Source
This is the third reason which is fundamental in nature. This is why I THINK WE CAN REVISIT 10k soon. Read the news. Big Investment funds like Grayscale have bought billions worth of BTC. Do you think they will be buying the tops? So think about it.
Note: This Is Not Financial Advice, Do Your Own Research💯 .