More bearish news for the almighty 
BTC DOMINANCE chart popping up on the HOURLY chart.
RISING WEDGE breakdown has started, targetting 58.4%. BEAR RSI divergences again and again.
This ticker has been losing steam, and I'm not one bit surprised. WAVE 5 seems complete and we are likely seeing the beggining of a REVERSAL to the downside.
Last HIGH was only subtle, I can even call it an EQUAL HIGH, so we have got a DOUBLE TOP with a neckline (breakdown level) at 58.95%.
Cross below the neckline and there will be TWO active chart patterns BREAKDOWNS.
Huge for altcoins. 💙👽
BTC DOMINANCE chart popping up on the HOURLY chart.RISING WEDGE breakdown has started, targetting 58.4%. BEAR RSI divergences again and again.
This ticker has been losing steam, and I'm not one bit surprised. WAVE 5 seems complete and we are likely seeing the beggining of a REVERSAL to the downside.
Last HIGH was only subtle, I can even call it an EQUAL HIGH, so we have got a DOUBLE TOP with a neckline (breakdown level) at 58.95%.
Cross below the neckline and there will be TWO active chart patterns BREAKDOWNS.
Huge for altcoins. 💙👽
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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.