This is a triple bottom idea. This can happen, it does not mean that it will. In this simulation chart, we show BTC Dominance topping out at next trending resistance, RSI is currently over bought and rising ,so we somewhat have justice to this idea. Next BTC.D would settle down some and then retesting resistance before being rejected and sent down for a third and final bottom. (This would indicate alts fly one last time before BTC Dominance takes over for the final blow). Follow for more fun crypto ideas, enjoy.
Thank you scarlaxx, I’ll update the chart to see what scenario this does end up playing into.
scarlaxx
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This expectation seems reasonable but even if it will be the case and this happens in the future I'd not expect BTC .D to raise much above the current resistance.