BTC,Dominance and Altcoin Index Chart Review Update #17 ?

in hive-156057 •  5 years ago 

Bitcoin chart review

BTC CHART

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BTC,Dominance and Altcoin Index Chart Published By Philosof at Tradingview
https://www.tradingview.com/u/Philosof

Comment: BTC still within recent uptrend, targeting 7800-8040 (or less possible breakout to 8555). Lower timeframes indicate potential pullback down to 8666 - 6800 support zone. The more time it grows, the higher are chances for pullback. SR level at 7170 still stays for me as a main indicator for the move direction. While candles close above it, it may grow. Once 4H candle close below, that will be a move down alert. And kind of a pre-alert would be closing below ~7277.

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Resistance: 7550 - 7800 - 8000 - 8550
Support: 7170 - 6900 - 6666 - 6420

Fear & Greed index: 21 (<= 20 <= 12 <= 12 <= 12 <= 14)
BTC Dominance: 64.1% (<= 64.3 <= 65.2 <= 65.2 <= 65.2)
24h Volume: $154 billion (<= 169 <= 118 <= 109 <= 120)

ALTCOIN INDEX CHART

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Altcoins follow the same pattern as Bitcoin. Despite overbought indicators, last candle closed bullish, so after a small pullback we may expect some more time for alts growth. Next target 570-572.

Support 517 - 505 - 490 - 460
Resistance 570 - 858 - 596 - 649

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BTC DOMINANCE

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As forecasted alts had a nice bull run during these days. Dominance actually dropped below 64.4 "support", and while below, alts should feel ok. If fall below 65, alts will really pump. Remember everything can change very fast.

Last April 6th update: Dominance dropping. Nice market, Before it reach "support" at 65.3, many alts will make nice progress.

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