Alex_Chart

Alex_Chart

Bitcoin has just done the biggest dump today! from 104k to 96k. I just went through the past.. Left: ETH Center: BTC.D (dominance) Right: BTC Here we have clear visibility of the rotation of funds from BTC to ETH. We can see that on the previous cycle, after the first temporary top of Bitcoin (65k), with a bad candle closure, the dominance continued fall in...

Alex_Chart

We can see in the Bitcoin 2W chart the inverse head and shoulders we have set before; now we have to pay attention to the neckline, which is a great dynamic support here, if we will lost it, we can test 25-26K zone. This is my idea. Alessandro

Alex_Chart

The intersection of this two monthly channels is very clear and significative. We know that 35k is a psychological resistence, but I think it's also a key check-point for Bitcoin.