Bitcoin (BTC) Bitcoin Dominance Break Chanel

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·@criptoar·
0.000 HBD
Bitcoin (BTC) Bitcoin Dominance Break Chanel
> The dominance of Bitcoin after completing its bullish correction has been trying to break the bearish channel, and after much trying it has broken it


Let's see

As we can see, he has broken the bearish channel and then on the next daily sail he has tested the bearish channel again, validating the movement.

In the ascent it has formed a double roof, bouncing the dominance downwards.

In today's sail is retending to enter the bearish channel again but the midline of 50 daily periods is supporting.

> Which means that in recent days they have sold Bitcoin investors that caused the decline, but more of the alcoins that have caused Bitcoin dominance to rise.


> Why is this important fly to enter the bearish channel? Because continuing to correct the Bitcoin domain would indicate that cryptocurrency prices with good projects and good volume could continue to recover value


- Bitcoin dominance is trying to break the top line of the descending channel (time this analysis was performed)

- The line 50 daily periods, has been a good resistance during the last 2 days.

- The volume rises in the last days to reach average levels and exceed them


How far can you continue correcting the Bitcoin domain?

In the next few days, I should break into the bearish channel and the midline of 21 daily periods, to continue thinking about continuing the correction.

> If the dominance made a pull back to the channel to continue upward we should think that the recovery of the alcoins is over and we could only expect a bitcoin rise or not


![Captura de pantalla 2020-03-09 a las 11.45.03 p.m..png](https://cdn.steemitimages.com/DQmaCRR3qXKApRFr2HKKDBoVj3HrgTfvS1J8yJCP9yd8cGv/Captura%20de%20pantalla%202020-03-09%20a%20las%2011.45.03%20p.m..png)


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> I need the collaboration with your comment and your vote so I can devote more time to the analysis. Making a post takes time I need your collaboration.
  If someone requires an analysis of a crypto, leave in comments which one it would be and if it receives many votes we analyze it.

> The idea I have now is to leave the graphs and together we analyze possible objteitvos.


Protect your assets use Stop loss

> The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
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