$BTC Dominance, Historic ChartTimeframe: 1D
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BTC Market Dominance on the Daily is forming a perfect ascending triangle, showing signs that it will be heading higher in the next few days, potentially breaching our higher boundary at around 47.35% with a mid term lower high.
If rejected, BTC Dominance is likely breaking down completely, continuing its way down to 39.7% and 35.57%. In this case, we would be seeing alts explode between 50% and multiple x’s as BTC Dominance reaches its All Time Low.
On the other hand, if BTC Dominance breaks up, and retests our symmetrical triangle as support, it will be heading straight to 50.17% and the market would be receiving one of the hardest hits since may, seeing multiple straight weeks of red price action.
Probability remains in favor of the bulls, however, the bears are one step closer of taking it for themselves. Be prepared and be cautious brothers
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Yours truly,
Fed. Russian Insiders
