- If this candlestick could manage to closes consecutively below the support of the pattern. i would be bad sign for btc dominance.
- Invalidated once the percentage manage to get above the previous high again.
If this double top become invalidated, keep in mind from previous post i mention btc.d also moving inside a large rising wedge.
Note
Looks like a good support on 63.8% and it's currently bouncing from it's level. broke above 64.6 % would be a a good sign that it would be an attempt to retest previous high on 65.98 % and invalidated double top pattern.
conversely, if candlesticks manage to closes below 63.60 % would be a bad sign for btc.dominance bullish trend (below orange fibonacci line and yellow trendline)
Note
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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.