- Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing.
- A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
Note
1 day chart for BTC.D reveals negative momentum with red cloud future, TK cross-over and downwards MACD
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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.