20190511: BTCUSD above $6500 with BTC dominance near 60%

in bitcoin •  6 years ago 

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20190511_Dominance.png

  1. Happy to see BTCUSD above $6500, where I mentioned my profit target for long position. I would like to square my position from here as it is at the top of the uprising trend line and Fib suggests $7000 as strong resistance. It is expected to be consolidating around $6500 into the summer if there are no major surprises.

  2. BTC dominance reached 60% which is highest since 2017. I would like to try buy-on-dip on major ALTBTC which has not much inflation rate compared to BTC. I recommend ETH and EOS as a pair where we see many Dapps and no dumps from the coin inventers (I dislike XRP and TRON for such reasons).

Good luck for all,
Sean

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i think the next bull run is coming and btc will be in future of money

im also positive on the future of bitcoin, but seeing it overbought technically in short-term.