Get started
Tolberti

Bitcoin Dominance BTC.D - Head and Shoulders + Broken trend line

Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)  
Tolberti  
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Head and Shoulders Support and Resistance Trend Lines dominance dominancebtc btcdominance btcd Bitcoin (Cryptocurrency) altcoins crypto
3
4
headandshoulders supportandresistance trendline dominance dominancebtc btcdominance btcd bitcoin altcoins crypto
Head and Shoulders pattern is still valid. This is extremely bad for altcoins, this Head and Shoulders pattern is powerful. Also, the major trendline to the downside is broken. Big move is probably coming and it will be nasty. You can short altcoins on Binance Futures / Bitmex or move your Crypto to USDT temporarily - only for traders. Monthly chart is still bullish for altcoins.

Related Ideas

Tolberti
Synthetix SNXUSDT - descending triangle
Tolberti
Doge DOGEUSDT - descending triangle
Tolberti
Dash DASHUSDT - Descending triangle + Elliott Wave
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.