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NewThoughtCrypto
Jul 14, 2023 1:26 PM

BTCDOM Cup and Handle Failure Short

BTCDOMF0 / USTF0Bitfinex

Description

Previously, I shared a Cup and Handle formation on BTCDOM. The target for the Cup and Handle was 500 billion.
Yesterday, following the favorable ruling about XRP’s legal standing this pattern broke below the 340 billion support level.
It is still a bit early to call an altseason because there was no retest of the 340 billion level as resistance. Regardless, the drop in BTCDOM is a positive sign for altcoins.
NFA.
What do you think? Please share in the comments.
Best Wishes.
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