BTC Dominance Showing Signs of Weakness – Altseason Incoming?
BTC dominance is finally topping out, displaying clear signs of weakness. Rising wedge Pattern forming on weekly time frame which is also bearish. Despite reaching new highs, momentum appears to be fading, with bearish RSI divergence further confirming the exhaustion. All indicators point towards an imminent breakdown in BTC dominance, potentially triggering a long-awaited Altseason in the coming days. Stay prepared for major moves in the altcoin market!
1. Weakness in the uptrend =Bearish
2. Rising wedge Pattern = Bearish
3. RSI divergence on weekly = Bearish
All things indicating towards upcoming Bearish trend for BTC Dominance.
What do you think share your thoughts in the comments.
🚀 🚀 🚀 🚀
This is not a Financial Advise
BTC dominance is finally topping out, displaying clear signs of weakness. Rising wedge Pattern forming on weekly time frame which is also bearish. Despite reaching new highs, momentum appears to be fading, with bearish RSI divergence further confirming the exhaustion. All indicators point towards an imminent breakdown in BTC dominance, potentially triggering a long-awaited Altseason in the coming days. Stay prepared for major moves in the altcoin market!
1. Weakness in the uptrend =Bearish
2. Rising wedge Pattern = Bearish
3. RSI divergence on weekly = Bearish
All things indicating towards upcoming Bearish trend for BTC Dominance.
What do you think share your thoughts in the comments.
🚀 🚀 🚀 🚀
This is not a Financial Advise
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.
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.