Zoomed in on the 
BTC dominance HOURLY chart, and it's even more trouble for 
ETH and other #Alts due to the FALLING wedge breakout that happened overnight.
This short term pattern is pointing above 59% which would help the dominance cross above the resistance zone highlighed in light-blue overhead on my chart.
And to add to my thesis, a BULLISH inverted Head & Shoulders pattern has formed (neckline to break around 58.7%, target 59.07%).
Also WAVE 5 could be starting and its first target is sitting above 59% as well.
For the dominance to break down, we need it to crash below the immediate support zone (58.25% - 58.35%).
Watching the action closely on this 1-HOUR chart is a MUST today tbh💙👽
BTC dominance HOURLY chart, and it's even more trouble for ETH and other #Alts due to the FALLING wedge breakout that happened overnight.This short term pattern is pointing above 59% which would help the dominance cross above the resistance zone highlighed in light-blue overhead on my chart.
And to add to my thesis, a BULLISH inverted Head & Shoulders pattern has formed (neckline to break around 58.7%, target 59.07%).
Also WAVE 5 could be starting and its first target is sitting above 59% as well.
For the dominance to break down, we need it to crash below the immediate support zone (58.25% - 58.35%).
Watching the action closely on this 1-HOUR chart is a MUST today tbh💙👽
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.