Bitcoin: Is Bitcoin Dominance Going to Top Soon?
BTC: Bitcoin Dominance is still unchanged and on a high level. The sideways consolidation technically leaves the door open for further upside, but a break below the ascending trend line could be an early indication for a top to be in place.
Please note: Because BTC Dominance is not a tradeable asset, the use of Elliott Wave to identify patterns does not lead to reliable results. However, we can still use the method to identify tendencies.
Please note: Because BTC Dominance is not a tradeable asset, the use of Elliott Wave to identify patterns does not lead to reliable results. However, we can still use the method to identify tendencies.
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.