BTC.D ominance rising wedge adjusted

Hello everyone

Bitcoin dominance will have very likely a bounce here, as it seems that its still holding its green support line.

I realized I had the green supportiveline charted wrong before as it was a bit floating and not providing correct data.
I pined it to points marked by black arrows in green square and it fits way better now.

On the Daily chart (right side of the screen) you can see forming bullish divergence on RSI on that green support line
which is why I think BTC.D will bounce for one more time.

How high it will bounce I dont know. If this was just W4 from the first Arrow it could go up to approx 80% which I really doubt will happend, but I will keep eye on this and will try to keep you informed as well.

Cheers

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Commento:

In the case that W5 was allready hit. The roadmpad could look like this