Bitcoin Dominance is forming a rising wedge pattern on the 4-hour timeframe, which is a positive signal for altcoins. A rising wedge is typically a bearish pattern that often breaks downward. We could see a significant rally in altcoins once the rising wedge breaks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.