📣 "BiTcOrN dOmInAnCe Es Baut 2 cRaSh"
🤡 Crypto clowns are shouting across all social media platforms, pointing to two bearish signals that have appeared on the BTC.D chart.
😅 What’s funny is that, in their rush to write their “deeeep” analytical posts and copy one another, they don’t even notice that this exact same setup failed just a few months ago. 🔙
🤔 Yes, both the "Rising Wedge" pattern and the "Bearish Divergence" are technically reversal signals — but only when we’re talking about an asset, not an indicator.
And Bitcoin Dominance is an indicator, not a tradable asset — it reflects overall market sentiment, not something you speculate on directly.
🐋 Anyway, like I’ve said before:
I’m still expecting another breakout to new highs from BTC — and until that happens, there won’t be a true reversal in BTC.D. 📉
Yes, altcoins are starting to look pretty solid and may be gearing up for a bounce, but that’ll likely just be a short-term rally — it’s definitely not going to be an altseason in July like in 2017 or 2021 (please stop sending me that nonsense). 🤣
🤡 Crypto clowns are shouting across all social media platforms, pointing to two bearish signals that have appeared on the BTC.D chart.
😅 What’s funny is that, in their rush to write their “deeeep” analytical posts and copy one another, they don’t even notice that this exact same setup failed just a few months ago. 🔙
🤔 Yes, both the "Rising Wedge" pattern and the "Bearish Divergence" are technically reversal signals — but only when we’re talking about an asset, not an indicator.
And Bitcoin Dominance is an indicator, not a tradable asset — it reflects overall market sentiment, not something you speculate on directly.
🐋 Anyway, like I’ve said before:
I’m still expecting another breakout to new highs from BTC — and until that happens, there won’t be a true reversal in BTC.D. 📉
Yes, altcoins are starting to look pretty solid and may be gearing up for a bounce, but that’ll likely just be a short-term rally — it’s definitely not going to be an altseason in July like in 2017 or 2021 (please stop sending me that nonsense). 🤣
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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.