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What to expect if #BTC Dominance falls below 40%❗️
#BTC dominance has been ranging for more than two years and is currently ing the range high as resistance. If #BTC dominance falls below 40%, it could spark an ALTcoin season.
Key levels to watch for in #BTC dominance are support at 45% / 40% and resistance at 48% / 55% / 59%. If #BTC dominance is rejected from 48%, we could see another altcoin season. If it breaks upward from 48%, we can expect another bloodbath in altcoins.
If #BTC dominance falls below 40%, we can expect a significant shift in the cryptocurrency market, with many ALTcoins experiencing significant gains against #BTC.
However, it's crucial to keep in mind that investing in ALTcoins carries risks. Always do thorough research before making any decisions and keep a close eye on #BTC dominance levels to be prepared for any potential market shifts.
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What to expect if #BTC Dominance falls below 40%
#BTC dominance has been ranging for more than two years and is currently ing the range high as resistance. If #BTC dominance falls below 40%, it could spark an ALTcoin season.
Key levels to watch for in #BTC dominance are support at 45% / 40% and resistance at 48% / 55% / 59%. If #BTC dominance is rejected from 48%, we could see another altcoin season. If it breaks upward from 48%, we can expect another bloodbath in altcoins.
If #BTC dominance falls below 40%, we can expect a significant shift in the cryptocurrency market, with many ALTcoins experiencing significant gains against #BTC.
However, it's crucial to keep in mind that investing in ALTcoins carries risks. Always do thorough research before making any decisions and keep a close eye on #BTC dominance levels to be prepared for any potential market shifts.
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WeTrade Updates ✅️
#BTC UPDATE (Part 1) - What Happened?
1. After a massive dump on Friday, the price was quickly returned to $26,800 zone. It was a good bounce and if the price consolidated above $27,000 - $27,100 range it would be a perfect setup for a LONG position.
2. And there WAS consolidation on Monday, the price moved upwards afterwards.
3. Those people who didn't buy lower, put massive buy orders in the $27,000 -$ 27,200.
4. Then, sales appeared. It was a positive factor at the first glance, since the buy orders were filling. However, sales were way too powerful and after the orders were filled, the dump continued.
5. As the result the price went below the $27,000 level and no one wants to buy $BITCOIN here already.
🔵 Overall - the current case is not bullish. I will post a second part with the forecast a bit later today.
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#BTC UPDATE (Part 1) - What Happened?
1. After a massive dump on Friday, the price was quickly returned to $26,800 zone. It was a good bounce and if the price consolidated above $27,000 - $27,100 range it would be a perfect setup for a LONG position.
2. And there WAS consolidation on Monday, the price moved upwards afterwards.
3. Those people who didn't buy lower, put massive buy orders in the $27,000 -$ 27,200.
4. Then, sales appeared. It was a positive factor at the first glance, since the buy orders were filling. However, sales were way too powerful and after the orders were filled, the dump continued.
5. As the result the price went below the $27,000 level and no one wants to buy $BITCOIN here already.
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🟦 Data reveals that nearly $996 million worth of #ETH and #BTC has been removed from centralized trading platforms.
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WeTrade Updates ✅️
REVIEW BITCOIN GLOBAL
Here are the main levels on #BTC!
Basically we have monthly support and resistance - they are also valid for other timeframes. Also there are key levels for bulls and bears to defend.
Anything between blue and red is just boring flat, don't get swept away!
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REVIEW BITCOIN GLOBAL
Here are the main levels on #BTC!
Basically we have monthly support and resistance - they are also valid for other timeframes. Also there are key levels for bulls and bears to defend.
Anything between blue and red is just boring flat, don't get swept away!
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MARKET UPDATE ✅️
Since February 2018, there has been a decline in the number of individuals seeking to sell #BTC. The MA-365D Exchange Inflow has decreased significantly from 90K to 36K.
Presently, the trend for $BITCOIN Exchange Inflow stands at 20K BTC, resembling a pattern observed in 2015.
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Since February 2018, there has been a decline in the number of individuals seeking to sell #BTC. The MA-365D Exchange Inflow has decreased significantly from 90K to 36K.
Presently, the trend for $BITCOIN Exchange Inflow stands at 20K BTC, resembling a pattern observed in 2015.
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