CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
There is a trend reversal rising wedge in Bitcoin dominance charts, which means bulls are exhausted! There is also a lot of divergence in RSI indicators and MACD that support this technical analysis .

IS important info guys! Use it to your advantage.

Comments

Lol this call has really not aged well
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Just broke the wedge down
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I sure Altseason is nearly to start:
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logartbtc meomeo888
@meomeo888, Your pattern is weird, i know you are basing your TA in the bearish RSI divergence which is very powerful indicator. BUT your patterns that looks more like a channel and is not a channel is a trend reversal ascending wedge. Google it. There are trend continuation and trend reversal ascending wedges. Like the next image:

https://forexop.com/assets/uploads/2016/12/chart_pattern_rising_wedge.png

But yeah the general idea is that BTC.D will go down.
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meomeo888 logartbtc
@logartbtc, I'm on education, bro. And I know TA do not help so much in Crypto. Look at my idea here:
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logartbtc meomeo888
@meomeo888, Bro, I'm on education too bro. But that's looks more like a channel and is NOT a channel is a wedge. Your idea is correct but you could correct your weird ass channel and convert it to a beautiful wedge like i draw it.
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logartbtc logartbtc
@meomeo888 Another example of this



In 2017 top of the BTCUSD bullish market. A reversal type ascending wedge followed by a RSI divergence.
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meomeo888 logartbtc
@logartbtc, No problem, bro. I don't trust TA in Crypto. Just want to see what will happen next! :D
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