Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%.
Here's my previous bearish idea:
Here's my previous bearish idea:
Note
Update - very near TP 1 on the cup/handle weekly chart:Note
Update - zooming out we still haven't reached TP 1, which lines up quite closely with the upper trendline on this expanding wedge. Imagine we at least see TP 1 before moving back down, possibly a wick to TP 2, if not a straight up breakout instead;Note
Here's a possible scenario where we reach both targets and then turn down:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.