Bitcoin Dominance About To Shoot Up!

Here we have a very good setup for the BTC.D (Bitcoin Dominance Index) chart.

When we look at "a", "c" and "e" on the wave count above, we can notice lower lows while we have strong higher highs on the MACD and RSI.

The MACD has now entered the bullish zone daily and the RSI is really strong:
Now, going to the weekly timeframe -the main chart above- we can see prices closing above EMA10 last week and EMA21 being challenged.
We also have a higher low compared to May 2021.

The trading volume is still low and needed for confirmation.

Bitcoin Dominance (BTC.D) is set to move higher.

This analysis is invalidated on a candle close below 39.15%.

Thanks a lot for reading.

Namaste.