Bitcoin and Dominance Chart Review Update #38 ?

Bitcoin chart review

BTC 8H Chart

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BTC 1H chart

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BTC and Dominance CHART Published by Philosof at #Tradingview
https://www.tradingview.com/u/Philosof

Comment: Bitcoin draw bull flag. Volume drops which signals that another sharp impulse move is coming very soon. Probably today. Will it be pump or dump, no one can say for sure. But halving in 10 days, so that is a massive bullish fundamental factor.

While above 8630 bullish and possess potential to retest 9100-9200. If drop below, nearest target zones 7950 / 7666.

BTC 1H chart. Looks like growing towards 9100 resistance.

Small chance whales will create themselves liquidity by dumping it lower to 6500-6855 zone, but I doubt that.

P.S. Last existing CME gap left since Aug'19 located between 11695-11855

Resistance: 9200 - 9600 - 10000 - 11500 - 12900
Support: 8630 - 8400 - 7950 - 7700 - 7555

Fear & Greed index: 40 (<= 40 <= 44 <= 26 <= 27)
BTC Dominance: 65.5% (<= 65.3 <= 65.7 <= 63.7)
24h Volume: $144 billion (<= 196 <= 246 <= 138)

#BTC #Bitcoin (TradingView)

BTC-DOMINANCE CHART

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That is red arrow for possible pullback of dominance (that should trigger alts recovery phase). But so far dominance draw the same bull flag as Bitcoin. Consider this as a warning sign.

#BTCdominance #Dominance

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