Bitcoin Dominance looking to recover amid correction

Bitcoin Dominance has double-bottomed on the daily and is looking to retrace back up to the descending support/resistance line it has been honoring for a little over a year now. This retracement would put dominance back up to around 45%. Zooming in on BTC.D on the hourly time-frame shows strong upward curling action and bullish crossovers setting up for a move coming very soon. It is very important to recognize that these retracements in dominance almost always coincide with large overall market corrections to the downside implying a Bitcoin / crypto market correction is very close.