BTC Dominance has rejected the upper trend line and we are seeing a nice big daily red candle forming.
We also are forming a double top pattern, which if it plays out we could see a significant drop in the BTC dominance. That could mean alts will have a chance to run again. Especially wince we are at range lows on most altcoin setups.
We also are forming a double top pattern, which if it plays out we could see a significant drop in the BTC dominance. That could mean alts will have a chance to run again. Especially wince we are at range lows on most altcoin setups.
Note
We are also in an ascending channel which is a bearish pattern.
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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.