RATE Group | Fresh bullish attempt pointing to the moon
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Fresh bullish attempt pointing to the moon

05 Mar Fresh bullish attempt pointing to the moon

Posted at 10:24h in Bitcoin News by

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  • Bitcoin moves strongly upwards and confirms the pattern drawn on Monday.
  • Ether is stagnant for now, although the dominance charts support the rise of the ETH/USD pair.
  • XRP may need more time to keep up with the leaders.

In yesterday’s article, I announced the formation of the same technical pattern in the crypto market Top 3 charts. 

Today, the markets have reactivated the bullish movements and have drawn the same bullish pattern that we drew on Monday.

The Bitcoin dominance chart shows a retest of the trendline pierced in February; the process of dominance’s lost can start again. 

Each downward leg on this Bitcoin dominance chart has meant a significant gain leg for the market as a whole.

Another detail to keep in mind is the position of the MACD in the chart. Once it reaches the neutral level of the indicator, it loses strength and signals the end of the recovery.

 

ETH/BTC Daily Chart

ETH/BTC is currently trading at 0.024 and is continuing the…

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