BTC Dominance Daily Reversal? Here's Why.

2021年12月10日

BTC Dominance is giving us a strong indication the BTC dominance could break to the upside.

Here's Why:

- We are hitting a key support level for the 3rd time on the 1D chart, showing significance in this support.

- We have been in this falling wedge pattern for a long time and it's highly likely we break either up or down in the very near future.

- RSI, MACD, and Stochastic RSI all started curving up, after bouncing off the bottom of the falling wedge trendline (this is a strong bullish indication of some positive price action to come when all 3 line up like this).

If we do reverse here and head up to test the triple bottom neckline we will have confirmation of the triple bottom and potential for a full BTC season to play out.

I am now looking for some kind of move out of BTC. Either up or down, we will have to follow the chart.

But I am currently in favor of a bullish BTC move in the next week.

Providing BTC DOM breaks to the upside of this falling wedge.

There is also potential for alts to see more downside if new money isn't following this BTC move. And if the Total Crypto Market cap doesn't show us some kind of reversal.