Bitcoin Dominance Rate (BTCD) Creates Triple Bottom Pattern - BitcoinEthereumNews.com
The bitcoin dominance rate (BTCD) is in the process of breaking out from a long-term descending resistance line, which could be the catalyst for a significant upward movement. The weekly chart shows that BTCD has bounced thrice (green icons) at the 40% long-term support area. BTCD has not reached a close below this level since Jan 2018. The bounces created a triple bottom pattern. พื้นที่ปลูก สามด้านล่าง is considered a bullish pattern, meaning that it leads to upward movements the majority of the time. The fact that it is transpiring inside an important support area increases its significance. If an upward movement follows, the next closest resistance area would be at 52.30%. This is the 0.382 Fib retracement resistance level. การเคลื่อนไหวของ BTCD ในอนาคต ผู้ค้า Cryptocurrency @eygnthebender tweeted a chart of BTCD, stating that another rally towards 44% is expected. The daily time frame shows that BTCD has been decreasing underneath a descending resistance line since Oct 21. So far, the line has been in place for 193 days. Currently, BTCD is in the process of breaking out. Technical indicators support the possibility of a breakout. The RSI ที่เพิ่มขึ้น has already broken out from its bearish trendline and is above 50. The MACD has made a bullish cross (green