cuonglucky
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Analysis of btc.dom 18/8
📝 Summary of BTC Dominance (DOM) trend
Currently:
BTC.D is currently sideways in the range of 59.2 – 59.8%, after a sharp decline from the peak of 60.7%.
The cluster of candles circled indicates accumulation – struggle: candles with upper/lower shadows, gradually decreasing volume → the market is waiting for a breakout.
Technical indicators
ADX (red ~14.6): Very weak trend, no strong momentum yet.
+DI (green) @ -DI (orange): Selling pressure is higher, but not strong enough to push DOM through immediately.
Currently:
BTC.D is currently sideways in the range of 59.2 – 59.8%, after a sharp decline from the peak of 60.7%.
The cluster of candles circled indicates accumulation – struggle: candles with upper/lower shadows, gradually decreasing volume → the market is waiting for a breakout.
Technical indicators
ADX (red ~14.6): Very weak trend, no strong momentum yet.
+DI (green) @ -DI (orange): Selling pressure is higher, but not strong enough to push DOM through immediately.
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