BTC dominance increases whenever there is a sudden movement in the price of BTC. The reversals happen, when BTC.D is dew for a bounce on the pitchfork model and just to confirm that usually BTCUSDT chart also shows it's due for a bounce in the pitchfork model and vice versa when it dumps.
The 200MA which acts as an important support and the VWAP which basically tells the fair value of a commodity are both indicating a move towards 46k, whereas the broadening wedge or bullish expanding triangle whatever you wish to call it, shows a move towards higher 30s or lower 40s, I personally don't see BTC retracing back in the 28-35k range.
Ignore the yellow line and the red cross. Pitchfork are probably the best thing out there.
The Pitchfork are probably the most accurate tool, I've ever seen.