BTC Dominance TA Update (Temporary Top?)
BTC Dominance
Bitcoin dominance broke bullish of this pattern but not currently setting up a temporary top as the price reaches immediate resistance between 0.5 - 0.618 Fib.
RSI also went extreme overbought condition, BTC dominance will have to seat back for the meantime to cool everything and retest the old resistance turning into new support.
During its cooldown, I expect BTC pairing Altcoins will have a short-term breather during bearish actions.
Bitcoin dominance broke bullish of this pattern but not currently setting up a temporary top as the price reaches immediate resistance between 0.5 - 0.618 Fib.
RSI also went extreme overbought condition, BTC dominance will have to seat back for the meantime to cool everything and retest the old resistance turning into new support.
During its cooldown, I expect BTC pairing Altcoins will have a short-term breather during bearish actions.
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