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Trader6127
Jun 2, 2019 8:25 PM

Bitcoin Dominance | Continuation and Altcoin Risk-off? Long

Market Cap BTC Dominance, %CRYPTOCAP

Description

Bitcoin dominance looks like its getting ready to resume the trend upward. Its not quite following our previous projection, but the break out from the descending wedge pattern will keep the chart bright until we see some major breakdown or weakness.

1) We see lots of upside due to the size of the descending wedge.
2) RSI forming falling wedge reversal
3) Candles consolidating above support.

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