Bitcoin Dominance - breaking down
Looking at BTC.D on the hourly chart reveals a rising bearish wedge that started forming about a week ago. It broke down out of the wedge this morning and is forming some sort of pennant just below.
I've seen a lot of TA pointing to A sharp and quick decline to 39k for BTC and I think that idea has merit. I see such a move potentially causing a back-test of the recent BTC.D breakdown, but without doing as much damage to alts.
I think we're on the cusp of another #altseason
I've seen a lot of TA pointing to A sharp and quick decline to 39k for BTC and I think that idea has merit. I see such a move potentially causing a back-test of the recent BTC.D breakdown, but without doing as much damage to alts.
I think we're on the cusp of another #altseason
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