uRgEnT: BiTcOrN dOmInAnCe Es Baut 2 cRaSh !?
📣 "BiTcOrN dOmInAnCe Es Baut 2 cRaSh"
🤡 Crypto clowns are shouting across all social media platforms, pointing to two bearish signals that have appeared on the BTC.D chart.
😅 What’s funny is that, in their rush to write their “deeeep” analytical posts and copy one another, they don’t even notice that this exact same setup failed just a few months ago. 🔙
🤔 Yes, both the "Rising Wedge" pattern and the "Bearish Divergence" are technically reversal signals — but only when we’re talking about an asset, not an indicator.
And Bitcoin Dominance is an indicator, not a tradable asset — it reflects overall market sentiment, not something you speculate on directly.
🐋 Anyway, like I’ve said before:
I’m still expecting another breakout to new highs from BTC — and until that happens, there won’t be a true reversal in BTC.D. 📉
Yes, altcoins are starting to look pretty solid and may be gearing up for a bounce, but that’ll likely just be a short-term rally — it’s definitely not going to be an altseason in July like in 2017 or 2021 (please stop sending me that nonsense). 🤣
source https://www.tradingview.com/chart/BTC.D/v3CQg9oY-uRgEnT-BiTcOrN-dOmInAnCe-Es-Baut-2-cRaSh/
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