BTCD Meets Strongest Resistance, Inverted Correction Over!

4 בנוב׳ 2024

Nobody thought about doing this... Watch, isn't this smart?

I plotted the Fib. retracement levels for the last bear-market wave and look what I found, Bitcoin Dominance is now trading at the strongest resistance possible, the 0.618 Fib. retracement level.

➖ Since September 2022, BTC.D has been moving within an inverted correction.
➖ There is super high bear volume mid-March 2024, signaling that some change is coming. Trading volume then starts to drop.

➖ As BTC.D approaches this major resistance level, it produces a rising wedge which is a bearish pattern that points toward a trend reversal.

I don't need to go any further. This index can drop now that a major resistance level has been met.

Thank you for reading.

Namaste.