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Market Cap BTC Dominance, %
Short

Rising Wedge Breakdown Near Resistance

197
3-daily chart for BTC.D

Targets:

  • Possible drop to support support initially.
  • Then TP 1 around 47
  • TP 2 ~43-44%.


Prereqs:

Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it.


Some confluence:

My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising Wedge" auto-pattern indicator.


Daily line chart view:

snapshot
dudebruhwhoa
Also on:
bitcoindominancebtcdbtcdominanceRising WedgeWedge

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.
bitcoindominancebtcdbtcdominanceRising WedgeWedge
dudebruhwhoa
Also on:

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.