Bitcoin Dominance (Potentially going to 40 or lower) Rising W 4h

5 ต.ค. 2021

This is the Bitcoin Dominance chart, according to this chart pattern "IF" Bitcoin breaks the lower trendline of the rising wedge the target of the breakdown is aprox 40 or lower. So a small alt season!

7 ต.ค. 2021

บันทึก

The rising wedge broke out instead of down. Which slaughtered altcoins well btc found 55k, but what to look for now? I would say wait for a potential retest of the orange line or even a breakdown which is extremely bullish for altcoins *Indicates bitcoin sideways action (If its going to go higher it means altcoins will go sideways)