BTC Dominance appears to be approaching major resistance levels, which seems to also coincide with the Fibonacci 0.618 golden retracement zone. I have also noticed some minor
bearish divergence on the weekly timeframe, which could indicate a reversal of BTC dominance, and in-turn a potential incoming rally for BTC.
bearish divergence on the weekly timeframe, which could indicate a reversal of BTC dominance, and in-turn a potential incoming rally for BTC.
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.
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.