Bitcoin (BTC) Dominance again hits downstream channel. Create Lateral channel?

Bitcoin's domain completed its correction? Now it goes up or down?

Let's see

Dominance is trying to enter the bearish channel, at the top, in its correction

Keys

. In its retracement it has again reached the 0.618 Fibonacci retracement.

. In the last sails it tends to lean on the upper limit of the channel downwards

The volume decreases in the last days and does not reach the average levels.

Which means that in recent days investors have bought more alcoins than Bitcoin but have already reached a critical value set at the lower channel limit.

Why is it important to enter the bearish channel? Because continuing to correct Bitcoin's dominance would indicate that cryptocurrency prices with good projects and good volume could continue to regain value

If we see that the Dominance of Bitcoin reaches the lower limit of the Side Channel, and does not exceed it, we can say that the Side Channel acquires more strength by being validated with two taps.

In the case of Overcoming the Support of Dominance and overcoming it, we could begin to see a good rise in many alcoins

Will Bitcoin's dominance continue to decline or bounce off the support value?

Good sign for the alcoins or will we see a rise in the price of Bitcoin?

What do you think?

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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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