BTC Dominance Daily
On this chart pattern, you can see Bitcoin Market Cap Domination which in my opinion is moving on a rising wedge.
With the latest pump, BTC.D held the lower support trendline and is yet to touch the upper resistance trendline.
Expecting it firstly to move on the upside and then to get refused on the 57.5%-58% upper resistance trendline, lose the support trendline, perhaps retest it as resistance and then go down to 43% which would mean a mid cycle alt season for the Alternative Coins.
On the lower timeframes, there is a potential double top at 57% which is also a bearish chart pattern.
With the latest pump, BTC.D held the lower support trendline and is yet to touch the upper resistance trendline.
Expecting it firstly to move on the upside and then to get refused on the 57.5%-58% upper resistance trendline, lose the support trendline, perhaps retest it as resistance and then go down to 43% which would mean a mid cycle alt season for the Alternative Coins.
On the lower timeframes, there is a potential double top at 57% which is also a bearish chart pattern.
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