Quote from: zopim savo on April 23, 2021, 06:30:01 PM

06:30:01 PM 04/24/21
Bitcoin Dominance Update

https://i.postimg.cc/kXZsmr2h/IMG-20210424-182706-929.jpg

Bitcoin Dominance is bouncing from the long horizontal support line and also tests the psychological support of 50%. There are two possible scenarios now.

The first one is that Dominance bounced from here and test the 58% resistance area and if breaks above it we see a retest of 64% resistance area. In that case, alts will bleed in the BTC pair.

The second case is that Dominance breaks and closes below the 50% area. That will trigger the targets of 45% area and after that 40% area. This is bullish for alts and we see a good altseason in BTC pair. However, there is a low probability that Dominance goes to the 40% level sooner.

Alts market is going parabolic since January 2021 and we see huge gains in the alts market already. Check any altcoin chart and you see a parabolic move without any correction. We expecting a correction in the alt market before the next rally start. We will continue to find TA + FA gems that will give good returns in every situation. Happy Earning 😊

https://1.bp.blogspot.com/-o1np3vfW26U/YIRwMrsea1I/AAAAAAAAJV4/uN7LJWsC4_8bmE0GggiT8FJJn1NXpFAZACLcBGAsYHQ/s953/IMG_20210425_021919_031.jpg

update 04/24/2021

Fear & Greed Index is now at fear zone. The last month and week has extreme greed and that is one of the reason for the correction. Now the Fear & Greed index is reset and we may see some accumulation here. Strong hands holding and buying more while inexperience traders selling in panic.

latest news, can add material to reference the development of BTC.

Big news for Bitcoin🚀🚀

JPMorgan Bitcoin fund will launch this summer and JPMorgan will allow its users to invest in Bitcoin. JPMorgan is the largest bank in US. Think when it's investors get their hands on BTC. The rally is programmed. HODL your Bitcoin bags. The last wave is started.