Weekly Cup / Handle Targeting 48-50%

Mar 2, 2023

Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%.

Here's my previous bearish idea:

Mar 20, 2023

Note

Update - very near TP 1 on the cup/handle weekly chart:

Apr 1, 2023

Note

Update - zooming out we still haven't reached TP 1, which lines up quite closely with the upper trendline on this expanding wedge. Imagine we at least see TP 1 before moving back down, possibly a wick to TP 2, if not a straight up breakout instead;

Apr 1, 2023

Note

Here's a possible scenario where we reach both targets and then turn down: