BTC Dominance may be at a top...
Not easy to predict a top/bottom but we do it anyway :)
I see a confluence of resistances at current level so context seems good/valid for a top here and we could project a measured move down to the 56% area. Still waiting for a nice topping pattern at the LTFs so this is by no means confirmed yet (obviously).
Bottom line, I think we're near or at a top so let's see how this goes.
Daily chart is showing a potential lower high forming
I see a confluence of resistances at current level so context seems good/valid for a top here and we could project a measured move down to the 56% area. Still waiting for a nice topping pattern at the LTFs so this is by no means confirmed yet (obviously).
Bottom line, I think we're near or at a top so let's see how this goes.
Daily chart is showing a potential lower high forming
Note
Betting against the freight train BTC is verified low probability right now.Note
Looks like this is still in play actually.
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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.