BTC dominance, you know this is my NUMBER 1 chart to watch at all times and have a look at my post made 21 hours ago.I highlighted a series of bear RSI divergences when the dominance was above 58.20% and these divergences have been playing out perfectly, predicting and end of the last wave up on the hourly chart.
Ascending resistance (lower trendline of the rising wedge that broke down on Sep 10) gave us a bearish retest from below and its's been a full-on correction here, currently in wave C targetting 57.43%.
That's why I have been in a few long positions immediately after the FOMC, which I did not plan, but the dominance chart dictates my moves💙👽
Also, it looks like in 40 days we are getting another 0.25% rate cut.
My thesis stays the same: great Q4 incoming.
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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.